As minutes tick by, old investors are watching their retirement plans shrink. Small business that rely on short-term credit could find their product inventory diminished and reduce labor fources. Most Central Floridians will find their investments most impacted.
Businesses both small and big will need to expand, merge, consolidate and regroup to survive into 2009. Other businesses will be completely obsorbed by larger companies with capital. Money that you put into the market should not be tapped for years to come, and money should be distributed among various investments. Although your IRA account may suffer a lost, you still man have others stocks that are more resilient so that you don't loose everything.
Baby-boomers that are close to retirement are in a difficult position being tempted to draw out their money which has suffered losses. Experts recommend boomer-investors to be patient for a couple years until the market recovers. The worst case scenario is selling or withdrawing money from an account while market is down dramatically.
Currently the housing sector is a buyers market while at the same time investors may suffer some losses. Housing may be showing some signs of bottoming out by the first quarter of 2009. Bad loans including Adjustable rate morgages are virtually responsible for many foreclosures in 2008. Potential new buyers have been locked out as well because banks have been optimistically cautious about lending.
Even if the $700 billion bailout is made law, unless consumers are ready to apply for credit, the economy will not improve for years to come.
As international stock markets are affected, foreign travelers become more apprehensive to travel to Orando even though the dollar is weaker. Some vacationers may be reluctant to cancel vacations slowing the diminished attendants at theme parks by the end of 2008. However, the real park attendance changes will occur in the first quarter of 2009. Larger companies that are more diversified will be more resilient into 2009.
As the holiday season approaches, retailers may find it difficult to re-stock their shelves with tightened credit loans at the bank. More store closures are certainly on the way in 2008 from the lack of short term loans.
Some local shopping centers in Orlando will most likely approach 10% vacancy in the last quarter of 2008, it's not an exciting picture unless one has faith in a more heavenly investment.