HUNTSVILLE, AL—Gary Saliba says the U.S. has seen tough times around once a decade since the 60's, but he's convinced companies will actually come out stronger in 2012 because of the trouble.
In the offices of financial professionals, it's been a battle dealing with a tough economy, and that's the nice way of putting it.
But the numbers for this year's financial troubles, crunch differently in years past.
Gary Saliba says, "Companies are in the best financial condition they've been in in the last fifty or sixty years, but it is an issue with our governments and the discipline of our governments to restrain spending and possibly to even have to raise taxes to balance budgets worldwide."
Saliba says tuck your anxieties about next year away.
The rough seas of the current economy present an opportunity.
Saliba guides people through the storm by encouraging them to get involved with the financial world.
Saliba explains, "If we were to go to the mall today and everything there were put on sale fifty-percent off, we would have to probably get the police to control the traffic trying to get in the stores.
If the same were to happen to Wall Street tomorrow and stocks were fifty-percent off, we probably couldn't sell too many shares."
So when you review your finances for the year, Saliba suggests you take a hard look at investing when prices are low.
He's got high hopes for next year.
"Substantively, I would think the worst is probably over," he summarizes.
Saliba emphasizes that financial markets don't just matter for the much decried 1%. They affect everyone - from job opportunities to retirement plans - we feel the pain of our economy in our every day lives.
Saliba encourages us to learn about those markets so they can serve us too.
whnt.com
In the offices of financial professionals, it's been a battle dealing with a tough economy, and that's the nice way of putting it.
But the numbers for this year's financial troubles, crunch differently in years past.
Gary Saliba says, "Companies are in the best financial condition they've been in in the last fifty or sixty years, but it is an issue with our governments and the discipline of our governments to restrain spending and possibly to even have to raise taxes to balance budgets worldwide."
Saliba says tuck your anxieties about next year away.
The rough seas of the current economy present an opportunity.
Saliba guides people through the storm by encouraging them to get involved with the financial world.
Saliba explains, "If we were to go to the mall today and everything there were put on sale fifty-percent off, we would have to probably get the police to control the traffic trying to get in the stores.
If the same were to happen to Wall Street tomorrow and stocks were fifty-percent off, we probably couldn't sell too many shares."
So when you review your finances for the year, Saliba suggests you take a hard look at investing when prices are low.
He's got high hopes for next year.
"Substantively, I would think the worst is probably over," he summarizes.
Saliba emphasizes that financial markets don't just matter for the much decried 1%. They affect everyone - from job opportunities to retirement plans - we feel the pain of our economy in our every day lives.
Saliba encourages us to learn about those markets so they can serve us too.
whnt.com
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