Jim Moniz, president of Northeast Wealth Management in Braintree, said the recession has been over for a while, but it may not feel like it for many businesses and individuals because unemployment will likely remain high for some time to come.
The biggest threats to recovery continuing, he said, include uncertainty over policy directions. “We finally know what the tax code will be but did not until recently,” he said. “Many business owners are struggling with the implications of what the health care reform will mean to their businesses and their bottom line. Overregulation, particularly over-regulation that is underexplained, can take an entrepreneur into bureaucracy and that will stifle growth.”
“There is a better feel out there,” said Nancy Mobley, CEO of Insight Performance, a strategic human resources consulting firm based in Dedham. “I’d say the recession is over, but ...”
That qualifier includes uncertainty about how Washington, D.C., will affect the economy and particularly small businesses, with the impact of tax breaks, health care costs and regulation all weighing on entrepreneurs, said Mobley, whose firm recently partnered with the Small Business Association of New England (SBANE) on a survey of some 800 small-business owners.
Friday, January 28, 2011
So, the Recession is Over Right?
To listen to Pelosi and the President tell it, the country is in great shape being that the recession is over. Again, so many of these life time politicians have no clue as to the business climate in this country. Sure, the stock market is up but the growth is coming from overseas. Believe me when I tell you that I am the optometrist ( you have to be to be in business for 35 years ) in the family but with foreclosures up last year, I see still more problems ahead.