6 Smart Business Moves to Help you Navigate the Current Economic Crisis

“March Madness is here. Fortunately, I’ve warmed up by being mad all February.”

Beware the Ides of March! The 15th day of March may have come and gone but there seems to be some truth to Shakespeare’s warning of dangers and bad omens on this day which, of course, has lingered throughout the month and will continue for many months to come…

Although the list of consequential and unfortunate events has been endless in March and beforehand-here is a list of my top ones right now:

1. War in Ukraine: Unprovoked invasion, violation of human rights and country sovereignty, avoidable death, destruction and displacement of millions.
2. Judiciary Committee: Although not the same…but hurtful and maddening…Senator’s Ted Cruz and Lindsey Graham blatant bigotry, disregard and overall belittling behavior when questioning our next Supreme Court Justice — Ketanji Brown Jackson.
3. Supply Chain Disruptions: Due to US sanctions on Russia and lingering effects of COVID — consumer prices increased by 8 % among ongoing supply shortages and inflation.
4. U.S. Inflation: Speaking of inflation — as a result of ongoing sanctions on Russia and spikes in crude oil & gasoline prices US inflation rate has surged to 7.9% — a 40-year high.
5. Fuel and Gas Prices: $6.50/gallon — Seriously? Between long lines at COSTCO for “cheaper gas” and rapidly escalating energy prices — -many Americans are driving on empty rather than spend $100 or more to fill-up.
6. The Great Resignation: In January another 4.3 million Americans voluntarily quit their jobs. And, although better than the previous 3 months quit rate — it’s still close to 2.1 million more than before the pandemic.
7. US Job Openings: There are 11.3 million job openings…sounds impressive, right? Well, it would be…but, only 43% of these jobs will be filled…. huh?
8. Car Shortage: I love this one — is your lease up? Have you tried to buy a new or used car? Well, things have changed — With the ongoing chip shortage — there is little to no inventory on the lot. As a result — manufacturers in the US, Japan & China have cut production & raised prices. Today, if you do find a car — -it’s…