Just in case you were wondering…
- People ain’t buying stuff because they are afraid they will lose their jobs.
- Companies are cutting back because people ain’t buying stuff.
- People are losing their jobs because companies are cutting back.
- Lather, rinse and repeat.
I blame the Media for talking about “recession” before it happened (if it actually has). This is the financial equivalent of shouting “FIRE!” in a crowded movie house. The fact that it happened on the cusp of an election makes it doubly suspicious.
Now Reading “The Completed Autobiography of Benjamin Franklin” by Mark Skousen