A Comment About

Press and Politicians Prematurely Crying ‘Recession’

May 1, 2008 - 8:52 am - by Tom Blumer
P. Ami
2008-05-01 23:29:32

I’m in the third quarter of my business being open. We owe a low 6-figure dollar amount to a bank through an SBC loan and a few more tens of thousands through an equity line of credit (locked in at a pretty low rate) taken out on a house. So, I’ve got lots to worry about in terms of my business, in general, and in having come into the market at a time that seems precarious. The fact is that every retail business in my area feels a squeeze as products are getting more expensive and there are less people out buying. If inflation goes up then so does my rent. I don’t have any other years to compare this one to but everyone seems to think that business is unusually slow this last half year or so. Whatever the technical name for it, the economy has slowed.