If you think or hope that we are not heading to a recession, think again. The Fed is facing some major decisions today following the debacle of Silicon Valley Bank and the ripple effect happening within the finance industry. Will they raise interest rates and take the chance of causing further problems for banks? Or will they pause rate increases and accept the risk that inflation will remain high?
With past questionable decisions resulting in an additional financial impact on Americans as the government bailed out the banking industry... now we are possibly looking at the same scenario. This week’s Charged Up Studio podcast with host Danna Olivo is a replay of an earlier one that focused on the Federal Government No-Bid Federal Contracting program.
The best way to maneuver a recession is to diversify revenue streams. When the economic landscape takes a turn for the worse and inflation kicks in, the Federal government pushes more money out into the market in the form of procurement contracts for different products or services. These contracts are primarily reserved for small business owners. Tune into Episode #7 to find out how you can take advantage of the millions of dollars being handed out by the Federal government.
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