In this episode of Economics Unveiled Bill Conerly explains that the economic recovery is going to be a lasting (albeit slow) one, and that businesses should start positioning themselves to profit from it. He also explains that business plans should be robust enough to succeed regardless of what happens to the economy. Don't over-extend yourself when times are good, and don't cut out muscle when things get tough.
Bill tells the Optimistic Bear that he has been around the economics block enough to have learned the humility to know that the future is hard to predict, and that outcome of debates such as the inflation/deflation argument are just unknowable. You can check out Bill's blog here: http://businomics.typepad.com/.
NOTE: You can view the complete list of Practical Economics podcasts to hear more conversations with the experts. Tune in to the weekly economics round-table discussions to hear the latest from the Optimistic Bear.
