If/when the gas prices come down, I think most people will be amazed by how quickly the economy “recovered.” It’s easy to believe things are bad, really bad, when you’re faced with $80-100+ every time you fill up your tank.
With all the BS in the media, it’s very hard to tell what exactly IS the truth re: our economy. Our electrical contracting business had a record month in June, but we know that other sub-contractors and generals are facing tough times. In my own direct-sales business, women are having no problem spending $60 in order to get a FREE $15 gift with purchase, yet the overall sales in my organization are down. I think it’s a mixed bag, definitely not an official recession and there IS a lot of “mental” recession due to the non-stop slamming of our economy and country, overall, by the MSM.
I agree. Some industries are getting hit harder than others. And some are not at the point of feeling the pain yet. But when you are doubling your gas prices, almost tripling, you are going to effect people’s over all budget at some point.