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The “R Word” Is Here and Now
As politicos focused on South Carolina and Nevada, my company was running a weekend roundtable for business owners, where we train and break bread with real people facing real challenges due to the real economy. These people aren’t statistics. They aren’t categorized or sliced and diced into compartments that make up an axis on some government chart. The employees they have laid off don’t consider themselves as U3, U6, or U12. They are real people with real families and real bills.
It is not news that many sophisticated business owners consider the “recovery” weak, at best, and think the economy is most likely in recession. While the equity markets bounce around like a beach ball in the stands of a sporting event, the real fundamentals are causing pause for even the most bullish among us. Now Bloomberg Business reports that recession is already here in several states.
The U.S. States Where Recession Is Already a Reality
In recent years the iconic Capitol building has been draped in scaffolding due to a needed restoration, the first improvements since 1959-1960 to the symbol of American democracy. From afar the dome has always appeared to be a brilliant beacon conveying American exceptionalism. On a closer look, behind the countless coats of paint and patchwork, the age and weather have taken its toll. The repairs to preserve the dome will allow the Capitol to continue to shine for future generations.
