Hospitality Inndustry Experts At Your Service
Yes, I am not always a doomsday / naysayer…quite the contrary, am generally a very consistent optimist, who just lives by the mantra “only the paranoid survive…”
but get this good news read out for the day:
• ISM: the supply managers Manufacturing Index rose 4 pts to 52.9 – best move over 50/50 in a year
• Pending home sales: up 3.5% in July – for the seventh month in a row of positive sales
• Hedge funds: in-flows were stronger all summer than out-flows
• Jet-Blue: even an airline got a positive BUY recommendation yesterday and the stock is up
• Job-losses: from 700,000 in Q1 to 500,000 in Q2 and down to 300,000 in Sept
some progress
and
• The Beatles: are coming to I-tunes!!!!!!!!!!!!
Here’s the point…If you believe in creating your own circumstances, there is reason enough to be encouraged to get ahead of the pack and your competitors. Green shoots? Economic recovery? who knows…the suggestion here is to NOT wait for the economy to lift all boats, rather grab the oars and start rowing now…(or do as I did in prep for race # 60 this weekend – and double the effort on the elliptical from 30 minutes up to 60!!!!!!!!!!!!!!!!!!!)
by Jim Miller..en route to Beaver Island, Michigan
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