Check out these headlines:
These were from articles published this month right?
These were from articles published in 2008. Right before the Great Recession took hold of us.
It doesn’t seem that long ago, does it?
And just as the world has started to feel that we’ve recovered from that recession, could rising prices push us to the brink of another one?
It is kind of scary to think that once money starts flowing again, sources of fluidly-priced commodities raise prices to uncomfortable levels. If you need further proof of rising prices, just check out the price index graphs in the latest edition of Leading-Edge Supply Management Magazine, available after logging into the Next Level Purchasing Association.
It might just be me, but it is starting to feel like we’re in yet another one of those economic “bubbles.” And it feels like each of these bubbles is followed by a stock market crash and a recession.
Could we be at that point already?
OK. Now it’s fine to click on those links. Or just look at your favorite news site’s archives for the past month. You’re likely to find stories that are nearly identical to those from 2008.
To Your Career,
Charles Dominick, SPSM, SPSM2
President & Chief Procurement Officer
Next Level Purchasing, Inc.
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