I've taken to making note of building permits.
June starts were 20. ........ For all three counties........... In June.
Meanwhile, Paul Krugman among others is calling this a "de facto" double dip recession, which I do believe is the same exact terminology I used. Heh.
Anyway, for me three months is enough to call it a trend, and this month is without a doubt going to be one of worst months I've seen in a long time. I'm taking satisfaction in more or less breaking even, (probably a small profit) rather than turning a big profit like I'd planned.
Thing is, if the official definition of a recession is two quarters of down, well then, 5 months of down and one of up doesn't count.
Except to those of us who actually experience it, I guess.
1 day ago