As a small to mid-sized business owner, you have probably already seen the signs that 2016 is starting off very turbulently, financially speaking. While we all want to attribute it to small hiccups that have hopefully passed us by, the truth of the matter is, we are likely to see a 2016 that is going to present us with many financially strenuous situations. Let’s explore why experts believe that 2016 will be the most challenging year for businesses and consumers since the crash of 2008.
There is no good coming out of the far-east right now. They are suffering upheaval in their markets that are partly to blame on situational factors, but mostly to blame on self-inflicted wounds due to their hybrid centrally-planned/capitalist economy. With low prices on steel and the bottom falling out in the oil market, China’s long-held positions in higher prices for both presents trillions of dollars of investment that has simply dried up. Paired with the nation’s long history of currency and market manipulation, the doomsayers believe the ripples being generated out of Beijing and Shanghai will shortly grow into dangerous tremors that will be hard felt around the globe. Continue reading Prepare Yourselves! It’s Going To Be A Bumpy Year