We'll Meet Again | Recession Economic Snapshot #14 June 19, 2020

Remember to Like and Subscribe to help my business and yours!The sad passing of Dame Vera Lynn this week reminded me of Dr Strangelove's final moments, and the clashed juxtaposition of world ending war and the uplifting song starts our episode for this week.This Weekly Economic Snapshot is designed to help you make better business decisions.- Coronavirus LIVE Cases, Deaths, Change since Last Week- Stockmarket Levels for FTSE, Dow Jones, ASX 200 and comparisons to the Peak and Previous Recession Low- NEW Unemployment Rates and comparisons to Last Month and 5 Year Low- GDP Growth and comparison to previous two quartersFor a small to medium sized business channel, why do we care so much about what the stock markets are doing? First, it’s a lead indicator of the wider economy – market crashed in March, your business took a hit in April; markets bounced back in April and May, your business is doing better in May and June. Second, it has an oversized impact on sentiment – business, consumer, and most importantly perhaps government. President Trump is already talking up the economy having rebounded, based on the markets – if they keep climbing, stimulus packages may end sooner, and that could have a negative effect on you and your customersEvery Recession is Different. Perhaps this time, Fiscal Policy – aka, Government Stimulus and Intervention – will pump up the economy for 18 months.In just the past 2 weeks, I’ve had 1-on-1 conversations with more than 20 business owners – and every single one of them is reporting sentiment that this will go south in September / October when government programs end.The good news is – if everyone things it’s the case, it probably won’t happen.The bad news – that could mean governments creating more debt to keep things pumping; or it could mean it goes sooner.Remember – nobody wants to be the first domino in case they’re too early; but everyone wants to be the second domino.I can’t tell you the exact trigger – but when the party ends, expect to see another 1000 or even 2000 point down day drop on the Dow Jones.On the markets, you might still end up ahead of where you were 3 months or 12 months ago.On the business front, you absolutely can make sure you’re ahead.Join our next Live event in our free Facebook group at www.facebook.com/groups/GoodRecessionWelcome to "Don't Waste a Good Recession", a group with positive and practical advice for businesses from 2 to 500 staff.If you want tangible advice you can execute now, not just more waffle, be sure to 'Like' this video and Subscribe to my channel.