Comments on: Are small businesses a better sign of a recovery than the stock market? http://www.thickenmywallet.com/blog/wp/2009/04/20/are-small-businesses-a-better-sign-of-a-recovery-than-the-stock-market/ Everything to do with thickening your wallet Wed, 01 Feb 2012 15:44:00 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Rob Smorfitt http://www.thickenmywallet.com/blog/wp/2009/04/20/are-small-businesses-a-better-sign-of-a-recovery-than-the-stock-market/comment-page-1/#comment-18636 Rob Smorfitt Mon, 20 Apr 2009 17:22:41 +0000 http://www.thickenmywallet.com/blog/wp/?p=898#comment-18636 While SMEs are a good indicator of economic health, they are lagging indicators in respect of big business. Many tend to rely on big business for their income, and therefore they grow once big business starts to grow. While SMEs are a good indicator of economic health, they are lagging indicators in respect of big business. Many tend to rely on big business for their income, and therefore they grow once big business starts to grow.

]]> By: Silicon Prairie http://www.thickenmywallet.com/blog/wp/2009/04/20/are-small-businesses-a-better-sign-of-a-recovery-than-the-stock-market/comment-page-1/#comment-18635 Silicon Prairie Mon, 20 Apr 2009 16:15:51 +0000 http://www.thickenmywallet.com/blog/wp/?p=898#comment-18635 Unfortunately it's hard to measure the success of small businesses in general - but that doesn't mean that everyone should fixate on an inadequate substitute. You may be able to get a feel for what's happening near you but that could just be a regional effect. In terms of helping a recovery I don't think spending locally would do much for me, since only a small fraction of my income is even in-province. Many people are in a similar situation, with jobs that depend on others far away. If you try to spend everything locally are you just cutting down on the same thing that keeps you employed? Unfortunately it’s hard to measure the success of small businesses in general – but that doesn’t mean that everyone should fixate on an inadequate substitute. You may be able to get a feel for what’s happening near you but that could just be a regional effect.

In terms of helping a recovery I don’t think spending locally would do much for me, since only a small fraction of my income is even in-province. Many people are in a similar situation, with jobs that depend on others far away. If you try to spend everything locally are you just cutting down on the same thing that keeps you employed?

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