Enduring The Economy -- Staying Afloat

“Fundamentally, we created these huge excesses across the economy—not just in subprime mortgages and financial institutions. We’re now seeing the extremely painful correction of those excesses.”

With print sales down around 2 percent last year, and projected by NAPL to be down in the 2.5 to 3 percent range for 2009, Paparozzi doesn’t anticipate a meaningful upturn until the end of the calendar year. Still, he warns that circling the wagons and hunkering down until the economy improves can be a fatal mistake. Why?