Here Comes the Recession

Consumer confidence has not been this high since a few months before 9/11. I do not think that is why we are headed towards recession, but…

Now I say all this as someone who is not an economist, however I have been talking to a number of small businessmen lately. It all started with a conversation between me and an auto dealer. He noted that car dealers are in a recession of sorts. There is an oversupply of cars on the market, people took advantage of sales from a while back, and now people are not buying as many cars. Car dealers are starting to cut back on orders and are increasing their focus on service instead of sales.

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