So, $5 gas, Columbus is running short on cash, , rising unemployment, inflation concerns domestically and abroad, etc....
I've never been one to give into fear (as sold by the media), but, given the shear AMOUNT of bad news coming in, its starting to carry some weight for me.
My concerns are two fold:
1.) What is being done now? (Congress/Fed, etc, seem to be more concerned with the election than the state of the union)
2.) What are likely scenarios for how this is going to play out?
I could see a lean/tight summer into winter, with things hopefully clearing up around next spring as we adapt to higher energy costs. It seems like the economy runs in cycles - 2 bad years, 5 good? I've heard some NPR reports that point to Oil future trading as the driver of higher prices, no real shortage - just speculation of shortage. Financial Markets don't seem great, but, they're not in the headlines like they were, leading me to believe they are at least on the road to recovery.
Where does Iraq play into the whole energy/oil situation? As much as I hate the war, I would still expect to see some Oil flowing from there to here at some point.
I don't know the answers are, but, given the mass of intelligence that hangs on CU, I bet we could come up with some good guesses.
- Devo





Launched in August 2010, TheMetropreneur.com is a local online resource devoted to small business development and entrepreneurship. Its aim is to tell the stories of Central Ohio's business community, foster regional economic development and assist entrepreneurs with its resource-heavy focus.