Still Battling Economic Uncertainty? Expect Better Days Ahead for the US Economy

Nov. 9, 2012
Uncertainty related to political decisions has led business leaders to wait on important cash expenditures. Resolving the issues will help boost economic activity in the first half of 2013.

Uncertainty related to pending decisions in Washington has been holding many business leaders back from making key decisions related to cash expenditures.  This in turn has a negative impact on the economy.  The hope is that the President and Congress, the latter being essentially unchanged in composition, will face the hard realities relative to the fiscal cliff and tax reform and clarify expectations.  Business needs an answer. 

The question is whether the President and Congress will kick the proverbial can down the road or grapple with these important issues.  Kicking the can continues the uncertainty, and it will hurt businesses related to spending on capital goods. 

My understanding/expectation is that Congress, because it is of the same composition, will reach some sort of agreement on the fiscal cliff late this year or in early 2013 – removing an avowed cause of uncertainty and thereby providing a boost to economic activity. 

Adding to my positive outlook is the fact that virtually all of our leading indicators are pointing toward more economic expansion over the next two quarters.  This is the time to take advantage of pessimism and low prices.  Spend some money to upgrade operations in an effort to maximize efficiency.  

About the Author

Alan Beaulieu Blog | President

One of the country’s most informed economists, Alan Beaulieu is a principal of the ITR Economics where he serves as President. ITR predicts future economic trends with 94.7% accuracy rate and 60 years of correct calls. In his keynotes, Alan delivers clear, comprehensive action plans and tools for capitalizing on business cycle fluctuations and outperforming your competition--whether the economy is moving up, down, or in a recession.

Since 1990, he has been consulting with companies throughout the US, Europe, and Asia on how to forecast, plan, and increase their profits based on business cycle trend analysis. Alan is also the Senior Economic Advisor to NAW, Contributing Editor for INDUSTRYWEEK, and the Chief Economist for HARDI.

Alan is co-author, along with his brother Brian, of the book MAKE YOUR MOVE, and has written numerous articles on economic analysis. He makes up to 150 appearances each year, and his keynotes and seminars have helped thousands of business owners and executives capitalize on emerging trends. 

Prior to joining ITR Economics, Alan was a principal in a steel fabrication company and also in a software development company.

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