Wednesday, September 24, 2008

So Sad

The news has been unusually depressing since Labor Day, so much so that it's been hard to write anything worth while for small companies. But no doubt, Wall Street is hurting more than Main Street. Keep the faith.

You are probably better off than the big boys out there. But if you needed a cash infusion in this time of low rates, would you pay 17% interest? That is Goldman Sacks agreed to if you read the wonderful blog The Big Picture I follow regularly. It must be scary out there for the big boys who are used to reaming money from the little guys. What comes around, goes around.

In a longer look, could this be the end of dollar hegemony? Could this be the end of American economic leadership? For you folks in the manufacturing world, it sure has seemed so over the past 10 years. If the high-value-add manufacturing sector, services sector and new economy companies don't win us back some power then we maybe in a slow decline, time will tell.