We are not in a recession.
Agreed.
Businesses are in a ‘holding pattern’ because of government policy proposals (cap and trade) and increasing energy prices.
I call it ‘wait and see’.
It started Aug 2007, when Charlie Rangel proposed a 4%surcharge on high income earners, which are mainly small businesses. (It won’t pay to make too much money at those rates)
” 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.
Me and the wife do not entertain out anymore. Me and the wife entertain ourselves at home with a little juice from the grape and a quite evening at the house.
WHICH, is a GOOD thing. :>)))) So bad economic times do have some advantages.