Mortgage Meltdown Predicted
Uncategorized March 18th, 2008We’ve been predicting this mortgage meltdown since 2004. That’s right, since 2004. One of my clients had almost 50% of his corporation’s revenue coming from sub prime lenders. Did he go broke? No. In fact, he’s one of the largest businesses in his field currently. We advised him at the start of the engagement in 2005 that he needed to pull away from those types of customers. He then proceeded to push the healthcare space, replacing bad revenue with good.
We are advising our clients that there will be more of the same and we are forecasting that the economy will go 1 of 2 directions in the next 3 years. 1. Essentially zero growth or 2. Negative growth.
Knowing this, what are you doing TODAY to fix the issues that you WILL be facing in the next 3-5 years?
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