Moving to employers and 38% of companies expect to reduce headcount this year, compared to just 29%that expect to increase employment levels based on the Business Roundtable First Quarter 2016 CEO Economic Outlook Survey.
Meanwhile deflation tightens its grip on the world’s economies compliments of the global credit bust increasing calls for wage and price controls flourish despite their historically proven failure in a misguided attempt to dictate inflation and demand. Then again the world’s central banks continue to pursue failed economic and monetary policies in the post bust 2008-2009 crisis period seemingly convinced that the ability to borrow is limitless while promoting the debt funded infinite growth mantra. Deflation or price declines are ruinous to the indebted as the history of the Great Depression mercilessly showed.
This is Caleb Lawrence Registered Investment Adviser Scotts Valley Drive and Willis Road in the Scotts Valley Plaza, Suite 202 or call me toll free at 888-RICH PIG / 888-742-4744.
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Advisory services offered through Caleb Lawrence Registered Investment Adviser Inc.