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New Recession?

There is a lot of talk out there about how we are entering a new recession.  Some people that I like a lot, and think are really smart, think we are already in one.

Could be, but I’m not sure it really matters.  Recessions are never good and if we are entering one it will impact business conditions.  However, I don’t expect the next recession to feel anything like 2008.  I believe the system was in shock in ’08 and that people literally walked into their offices and businesses and didn’t know what to do.  Everyone had orders cancelling on them and they didn’t know what was going on with their banks, so business stopped.

Fresh off of that experience, I believe most businesses are better prepared for a downturn whenever it comes.  Recession or not, I think we are pretty well positioned.

Todd Kmiec

Todd Kmiec and Associates

todd@toddkmiec.com

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