Sign of the Times

Are we in a recession?

Who knows.

Every day another study is released with experts saying "Yes, we are." Or "No, we're not."

What I do know, and what I think we ALL know - is that we ARE in the midst of an economic slow down.

Who knows how tight the grip will be on the economy, and who knows how long it will last. For businesses, now is the time to be saving your money and saving your credit, should the lean moments continue.

With the stimulus package having been passed by the government, many of my clients have received checks in the mail... and my simple advice has been: Rather than running out and using that money on a down-payment for a new or used piece of equipment, I have advised them to DEPOSIT the check in an interest bearing account, and lease what they need INSTEAD. With 100% financing offered by leasing, it is a WIN/WIN. They get the equipment they need to stay successful, and they also save money for a rainy day... or a rainy week (depending on which economy expert you are listening to!)