Well…you know I’m always predicting things and sometimes I’m right…okay, more than sometimes it appears…and now, from observations of the past couple of weeks, I think there is a recession coming for the US…and there are a few things that make me think that way…first, houses out here are no longer selling in one day like mine did…there are some out here that have been for sale for months and there is even a purpose built VRBO vacation rental duplex that went up for sale a couple of weeks ago…and even in my neighborhood, there are about a dozen houses for sale and the only reason I see is they are distressed properties that the owners can’t afford when they bought at the top of the market…second…the city owned marina is only half filled and there are only 3 boats on the 50 buoys that were almost filled last year…and I take that to mean that people are tightening their belts with the soaring inflation we are seeing in everything…and boats are the first luxuries to go…third…they held a boat sale at the condo development last weekend and no one showed up…salespeople outnumbered customers 10-1 and I saw that as I rode right through it over the three days of the sale…and all of this goes with the surveys that say almost 60% of people have cut back going to restaurants and are seriously watching what they spend…not good omens since the economy is driven by consumer spending…here it comes…geez…<\/p>\n","protected":false},"excerpt":{"rendered":"
Well…you know I’m always predicting things and sometimes I’m right…okay, more than sometimes it appears…and now, from observations of the past couple of weeks, I think there is a recession coming for the US…and there are a few things that make me think that way…first, houses out here are no longer selling in one day … Continue reading I think there’s a recession on it’s way…<\/span>