Recession?

[Kevin D Pem]

In AZ it is warned that the forests would be fairly full this year due to the economic downturn. Neal, I think you are on to something!

 

[GypsyR]

Me, I don't think the two things correlate. At least right now. Common knowledge RV/camper sales had a seriously big covid bump. After such a spike what goofball wouldn't expect sales to dip after?
Around here we have "mushroom houses". Drive down a road with empty space, come back by in a month and half a dozen fairly identical houses have sprouted up. Non-stop boogie that last three years or so. All of a sudden those seem to be grinding to a halt. People are finishing projects they obviously committed to but empty lots are noticeably no longer being bulldozed like they were. So it looks like we have burst a housing bubble. Locally at least. I wouldn't judge the national economy by that either.

I do know retail inflation is real. Boxes of RTE cereal are rarely under five dollars these days and commonly more. Just for one tiny example. That some kind of average of food and energy prices doesn't enter into the government's official assessment of "core inflation" I've always found absurd.

Recession? I don't really know. It does seem to me that though prices are going up most people are still basically spending money like there's no tomorrow.

 

[sanda]

We pays our money and takes our chances.