Posted by
Tim Blessing on Thursday, July 03, 2008 7:21:24 PM
ECONOMICS.
Let's see, we have 94% employment rate.
We have only lost 450000 jobs.
We are in the beginning of a recession or more likely a mini-recession.
Uncertainy in business and/or the public or the press.
People and Businesses maybe strapped for cash to continuing business.
Consumers want to keep spending money, but their personal debt level is too high to sustain the consumer sector.
Service Industries are feeling the pinch and manufacturing be working fine.
Consumer Staples like retail, residential construction, restaurants, and other support services may be hurting even though export industries are doing fine.
A bunch of mini-sector-recessions rather than a general recession.
In essence, an uneven recession in terms of the sectors that are feeling it.