Lonnie Scruggs says to be concerned about, and to focus on, “your street” and not Wall Street, Pennsylvania Ave., or any other location. Of course he is correct. Only “your street,” your immediate environment of economic circumstances, impacts your business and will allow you to have some influence. I refer to that as microeconomics. However, even “your street” is not immune to the effects of the macroeconomics of substantially larger geographic areas. As we are all heading toward a decade of fundamental changes in the macroeconomy, it would be prudent for those of us who don’t have a good background in the subject to glean an understanding of the same.
As I have recommended previously, the “crash course” (it’s free) by Chris Martenson (www.ChrisMartenson.com) is an excellent video course on macroeconomics. After viewing (listening to) his presentation, one should have a superior understanding of the “big picture” and of how to prosper on “your street.” Semper paratis.