Tagged With "Inflation"

I can't decide if this will be one of those longer blogs or maybe one of the shorter ones. It's after 10PM and I just finished all of the P4P Hotel updates. What I wanted to write about is my thoughts and ideas about what our industry calls the "Race to Zero". I'm sure the phrase was coined sometime and some place long ago. For the last 25 years we've used that phrase quite often to explain a brief explanation of the copier service business model. It's my belief that the "race to zero" is...

the last time there was a recession I was trying to remember some of the talking points I used for our clients when it comes to leasing and how leasing can hedge against inflation. All of a sudden there it was in one of my emails, thought I would share: Inflation isn’t just hitting you at the gas tank; it’s hitting your customers’ budgets today and could impact their future acquisitions. Offering solutions through CIT can be a way to help your customer hedge against that by: Leveraging...

Reasons to Finance Equipment in 2022 – Inflation and Rate Increase Hedge What Is IRS Section 179 and How Can It Help Small Businesses?

Signs of recession? The U.S. Bureau of Labor Statistics reports that inflation in the U.S. was 7.1% in November, 2022 Consumer price index of 7.1% Eggs up 49% in past year Airline fares up 36% Milk up 14.7% Electricity up 13.7% Groceries up 12% Chicken up 12% Baby food up 10.9% MSN MarketWatch reports that: $6.8 trillion in wealth has been lost by American households in 2022 25% of stock market value has been lost this year Nominal net worth fell 4.6% Market value of assets fell by $6...

Signs of recession? Wall Street Journal article reports that 2/3’s of top economists at the United States' largest financial institutions are predicting a recession in 2023 Top concerns cited in the survey dwindling of pandemic savings decline in the housing market tightening of lending rules unemployment rates above 5% resulting in millions of Americans losing their jobs. Inflation began to increase at the beginning of 2022, rising at its fastest pace in 40 years currently sits at three...

The above title was a talk track we had in the car today while we were traveling from account to account. Our topic was about how can we get some of these 5 year old plus MPFs out of the field. Let's face it, the feature set of most copiers today has not changed in the five years except for some cloud functionality. For me one of the difference makers from copier to copier has been the print drivers. Alas Microsoft will kill off third party print drivers on 2027. Thus the question becomes...