Thursday, July 15, 2010

Things may be getting better

Incredibly enough despite the bleak outlook of many some companies have been doing incredible business. The chip giant Intel has reported its best quarter in history. That’s right in the midst of a global crisis a chip maker which should be experiencing a slowdown is making lots of money. What makes this extraordinary is that much of the sales have come from overseas that seem to be in the throngs of even a worse crisis. Microprocessors that intel produces and sells fuels new businesses worldwide and is a great indicator that things aren’t as bad as they seem. The lurking military showdown with Iran and continued military tensions with North Korea is not keeping companies away from buying hardware for its businesses. Things should be getting worse and they seem to be getting slightly better. What is going on?
Things are getting better because people sense that Obama is going to be a one term president and that the Republicans will win the next elections. This will send the markets up and give companies more money. When this happens jobs will be created and money made will be spent on goods and services. This will further fuel growth. If something bizarre happens and the Democrats fare well expect financial catastrophe. The markets will likely plunge and long expected inflation will ensue. Unemployment will rise and growth will slow. This will happen despite that latest signs of recovery.
Even more people will default on their credit card bills and debt settlement companies will abound.
If we are all lucky that won’t happen.

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