I would hope that by now long time Strata-gee readers had already anticipated this day, and now it’s official that this day has come – the U.S. economy is in a recession. It really shouldn’t surprise anyone. However, I know that there are some I’ve spoken with who were expecting a “rubber ball” rebound where – almost magically – everything, including business levels, would bounce back to normal quickly. This seemed to be based more on wishful thinking, or just general optimism, rather than anything factually based.
I suspect some of those folks might be a little surprised to learn that the economy is sliding into recession.
