Posts
The ! is not an indictment of the Coloradoan saying their articles are not good...it's just a comment on the goodness of this one!!!
November 17, 2008
There's good news in midst of all the gloom
Tired of election and economic news? Worried about your 401(k), or as a friend calls it, your 201(k) now? Cheer up! I've got good news.
Seventy-five percent of the contribution to a recession is attitude and emotion. People stop spending out of fear, and the domino effect kicks in.
Pretty soon, businesses are all laying workers off to stem the tide from a lack of spending, which, of course, contributes to a greater decline in spending.
Think back to the summer. What was the greatest economic concern in the mind of the public?
Gas prices, of course. At the time of writing, gas at the pump was under $2 a gallon for the first time in years. People were traveling closer to home or canceling trips due to the rise in fuel and transportation costs, which for now, have become much less expensive.
This is an unintended stimulus package for anyone who drives a car or uses heating oil. And the lowered cost of oil should keep inflation at bay for a time.
More good news: We're not in a heavy manufacturing town. Our economy is diversified, and the Colorado economy entered the recession earlier than other parts of the country and should come out faster. We've not seen the huge swings in residential real estate values. And we have a major institution that tempers economic swings, Colorado State University.
Colorado has long been a state that tends to defy national trends to some degree, and our emphasis on new forms of energy, research and tourism helps bolster our economy during this time of uncertainty.
If you really want to be upbeat, follow the Rams. Coach Steve Fairchild has achieved surprising success with his football team this year, even in losses against BYU and TCU. We still have one of the best women's volleyball teams in the country, thanks to Tom Hilbert and his outstanding athletes.
Want more? Lower gas prices and strong convention bookings next year should boost our summer. Campus Crusade for Christ and Jehovah's Witnesses return in 2009, groups which should draw well in spite of the economy. If you want to get in on the tourism industry next year, it's a great time to consider joining our organization (the Fort Collins Convention & Visitors Bureau, known as the CVB). It's also a great time to participate in our visitor guide. Promote yourself while others cut back.
And if you really want to do your part, shop locally this year.
I haven't made a purchase outside of Fort Collins in years. Everything I need and want is available here; follow the lead of our collective community efforts and "Shop Fort Collins First."
It will put you in a better mood.
This is an unintended stimulus package for anyone who drives a car or uses heating oil. And the lowered cost of oil should keep inflation at bay for a time.
More good news: We're not in a heavy manufacturing town. Our economy is diversified, and the Colorado economy entered the recession earlier than other parts of the country and should come out faster. We've not seen the huge swings in residential real estate values. And we have a major institution that tempers economic swings, Colorado State University.
Colorado has long been a state that tends to defy national trends to some degree, and our emphasis on new forms of energy, research and tourism helps bolster our economy during this time of uncertainty.
If you really want to be upbeat, follow the Rams. Coach Steve Fairchild has achieved surprising success with his football team this year, even in losses against BYU and TCU. We still have one of the best women's volleyball teams in the country, thanks to Tom Hilbert and his outstanding athletes.
Want more? Lower gas prices and strong convention bookings next year should boost our summer. Campus Crusade for Christ and Jehovah's Witnesses return in 2009, groups which should draw well in spite of the economy. If you want to get in on the tourism industry next year, it's a great time to consider joining our organization (the Fort Collins Convention & Visitors Bureau, known as the CVB). It's also a great time to participate in our visitor guide. Promote yourself while others cut back.
And if you really want to do your part, shop locally this year.
I haven't made a purchase outside of Fort Collins in years. Everything I need and want is available here; follow the lead of our collective community efforts and "Shop Fort Collins First."
It will put you in a better mood.
No comments:
Post a Comment