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June 2009

While there’s no denying that we have been through the "economic mill" for the past couple of years, there are many recent indicators demonstrating that we are on our way out of the worst recession in most of our lifetimes. Keep in mind that we didn’t know we were in a recession until we were knee deep because economic indicators are based on historical data which always lag months behind. On the flip side of the coin, the same bodes true for a recovery. Although encouraging data from multiple sources is beginning to be reported, that data is also historical and lagging, so recovery is taking place, albeit slowly but surely.

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Preparing for the Coming Recovery
by Ted Hurlbut, Principal, Hurlbut & Associates

The economic recovery is coming. Really. You heard it here first.

The only question is when it’s coming. So far this year, business certainly suggests that it’s still not here, but I can assure you it is on the way.

Actually, there is a second question, and it’s a question that all small retailers need to be asking themselves. When the recovery comes, will you be ready? Will you be ready to take advantage of all the breaks that appear when a down economy turns back up?

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