” We are not in a recession.”
In San Diego looking at the stores that my wife has been inventorying especially the number of closeout inventories of closinf stores, the upswing in unemployment, and pay decreasing it’s starting.
When it gets full blown recession is going to be passed by and germinate into a world wide depression with a total bank colapse.
The buzz today is gas prices. Before that, it was the housing bust. Before that it was was mortgage fever. Go back a while and it Y2K. The point is, it’s a waste of time and energy to get caught up in hysteria.
Right now the unemployment rate is 5.5%, which is pretty much full employment. While California’s rate of 6.8% is more than Arizona’s 4.4%, it’s still not a bad rate.
A year ago I was able to quit my job, freeing up a job for another worker, and work full time developing my own web design business. I have seen no downturn in my business. One of my clients, a local group of contractors, recently commissioned complete redesigns of THREE of their websites.
I don’t know ONE person who is out of work, worried about losing his job, or having a business go under.
As for the fuel prices, I know people who have started carpooling, and we consolidate our errands, but so far nobody is getting creamed.
Life is good, and getting better!
In my case, business this year is better than ever.
I refuse to participate in an economic downturn.