GoFaxer Blog

It’s scary to consider, but we may be looking at a recession in the coming months. A recent article in Newsweek by Daniel Gross says:

Just two years ago, Wall Street economists spoke of a Goldilocks economy, in which everything was just right. These days, it’s the three bears. As of this week, the economists at Merrill Lynch, Morgan Stanley and Goldman Sachs are all predicting a recession for 2008.

The last recession came in 2001 after the tech bubble burst, causing businesses to stop investing. Prior to that was in 1990 as a response to the commercial real estate/savings-and-loan implosion.

Home prices declined 6.1 percent in 2007, which makes economist and business people think that we’re facing our next big slowdown here shortly.

In this time of potential recession, companies need to be aggressive at cutting business costs. If your business hasn’t converted to fax to email, now is the time. It’s less expensive than using a fax machine and it will save you time. It’s also wonderfully convenient. You can send and receive a fax from anywhere that you have an Internet connection.

We hate to spread doom and gloom about the economy. One hopes that the slow-down will be short and minimal in scope. But regardless of the extent of the damage, now is the time to prepare with smart business decisions.