Ah the waves in the air, I tell you they utter in languid tongue the impending demise of the US financial system. For at least a year.
So thank you Mr. Chairman Bernanke for laying the truth out there today and letting the people know where exactly they/ we are going for the next several months. Insomuch as that the small guy was about to undergo deepening economic recessionary pressures not yet felt. Trends that do not bode well to those people that are linked to the service industries, such as energy and food inflation. I have seen this myself as that I work in a supervisory role at a Juice Bar that specializes in organic raw juices and smoothies.
We have experienced at least a 10% increase in our daily acquisition of materials. All of the accompanying travel costs to and from catered events begin to play a role in how funds are spread. Unfortunately we have had to switch in some cases to what makes sense, the best cheapest available products. This is good in some ways in that we have had to take steps to find better distribution we have discovered sources of local produce that is worth the cost. Unfortunately these rising costs have also effected the manner in which we deal with the distribution of labor hours, number of employees etc.
Ideally what would be optimal would be to have at least five employees with rush time shifts that overlapped. Yet due to the unforeseen rising cost of operation it has really come down to the a two person scheme, with two other employees working one 6 hour shift. Obviously the business is nearly at the trouble point, since it is summertime our books are far more balanced.
What was said today has been confirmed everyday that I work, where in which we have had to adjust our plan nearly every other week in that the margin of profit has vastly shrunk.
So when I listened to Fed. Chair Bernanke today, I said, "ah, sounds bad."
Hopefully this will not be the case.
What would be super great is if the bailout of the Macs didnt have to happen, yeah, whoo.
In conclusion, this was my first blog, I tried to keep it relatively concise.