An economic recovery depends on trust, I believe.
I don't trust that Congress can come up with a reasonable health plan, that will meet my needs.
My credit card rate is 9.9%, which is about the rate I borrowed money from the banks in the 1980's. But I don't trust them not to jack up the rate on any pretense, so I won't be borrowing.
I could afford a part-time employees, but the economy still seems shaky to me. I need good solid confirmation.
I won't expand or add product lines or open more locations or anything of the sort.
I'd like to make another IRA contribution, but I'm not sure that holding onto cash isn't safer.
Overall, I don't think the banks and mortgages and financial institutions learned a damn thing, except the survivors who think they can get away with it. The bonuses and the outrageous profits are offensive to me. I don't trust the economic institutions of this country not to screw me. So I'll hold onto cash, preserve my business, and work all the hours myself.
2 days ago