Wes Moss: What bin Laden’s death means for business

Certified financial planner Wes Moss provides personal finance advice and accessible investment strategies. His guest post appears here Monday mornings.

Wes-Moss-032011-USE-THIS-VERSIONThe demise of Osama bin Laden — the most dangerous terrorist in modern history — is a landmark event in U.S. history. But what does it mean for business and our economy as the news settles in?

America has lived though difficult times for more than the past decade. Our markets and economy were first hit in early 2000, followed by another tremendous blow on 9-11, only to slowly fight our way back during the next several years. As we recovered economically, we stumbled once again in 2007 with the worst financial crisis in a generation, a stock market collapse, a housing market depression and a decimated workforce.

But for the past two years, America has been fighting its way back on the economic front. And Sunday night’s announcement that bin Laden had been killed by a U.S. operation shows we hadn’t ever given up that fight, either.

Resiliency + resolve = confidence

It shows the resiliency and resolve that has made us not only a military power, but an economic might as well. This historic news, the result of our own persistence, will only help to strengthen the confidence that America has begun to regain the past several years.

Business is about confidence. Our economy is based on that confidence. And the stock market is a reflection of that confidence and the belief that business in America will always be better tomorrow than it is today — as long as we give it time.

The tracking and killing of bin Laden in Pakistan will mean a surge of confidence here in this country — from small business owners to executives to graduating seniors looking for their first job. This is exactly what our economy needs and will be welcome news for businesses and the stock market in the U.S. and around the world.

What effects do you think bin Laden’s killing will have on business? How will it shape your confidence in the economy?

– By Wes Moss, for Atlanta Bargain Hunter

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8 comments Add your comment

Semper Fi

May 2nd, 2011
7:49 am

This is a huge victory for Americans everywhere. Although the terrorist network will not die with this guy, he is cornerstone to their entire belief system. This will be a huge shot at their confidence. While our confidence goes north, theirs goes south. Congratulations to the men and women who made this happen and God Bless America. I’ll be BUYING today.

http://graphics8.nytimes.com/images/2011/05/02/world/02binladen4_683/02binladen4_683-custom11.jpg

jane quatam

May 2nd, 2011
10:09 am

Two disconnected data points, Bin Laden and business – a pathetic attempt by a columnist to drive readers to yet another boring column.

disconnected?

May 2nd, 2011
10:13 am

Consumer confidence and business disconnected? … perhaps you’re the one who is disconnected…

Not convinced

May 2nd, 2011
10:35 am

bin Laden’s been dead for years. The picture doesn’t even look like him. Our current recession has nothing to do with him and everything to do with our own greed (personal and corporate). We need to stop blaming everybody else for our problems.

[...] financial planner Wes Moss comments on the meaning of bin Laden’s death in the Atlanta Bargain Hunter [...]

DW

May 2nd, 2011
1:07 pm

Sorry but i fail to make the business connection with Bin Ladens death. Other than the premium coming out of oil, i dont see anything there

jane quatam

May 4th, 2011
2:47 pm

I hope Wes’s financial planning advice is better than his intuitive grasp of business and politics. Bin Laden and Business, its like comparing diamonds and potatoes – they both come out of the ground and exist in this physical reality, but c’mon man you’re just reaching here. How about spending 10 minutes with a dart board and coming up with a real meaningful topic, y’know something like the fact that 1 in 7 people in the U.S. are on food stamps, or that McDonald’s hires 60k and over a million people apply for those 60k low paying fast food jobs. Let’s talk economic reality, rather than Bin Laden fantasies, how’s the price of oil gonna impact a lethargic economy dying on its feet?

Bin Laden and Business, really Wes, you’re not even trying anymore.

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