Recession - From the Front Lines

This weekend, some of my colleagues and I attended a specialty retail conference for one of our businesses. It was a chance for me to actually see some of the buying decisions that get made for our product offerings, and it was extraordinarily useful. What struck me, however, was that on the sales representatives, employees, and staff members of this event had one thing, and one thing only on their minds – recession. Most, if not all, of them were unaware of my profession and my background in finance.

Ah, recession. The dreaded “R” word that no economist dare repeat for fear of much loathing and, perhaps, even hate mail. Yet, it occurs to me – how many of the people that were talking to me actually know what a recession is? Read more...