Recession? High Gas Prices - Update #2

July 21st, 2008 at 02:47pm Bob Trojan

Earlier, I posted my observations on a business trip mid-week to the Chicago-land area. Then I questioned “where is the recession” with all the cars and trucks on the highways from Chicago to Rockford.

Over the past two weekends, I drove again to the Chicago-land area three times, once on a Friday, one a Saturday and one a Sunday (yesterday). Guess what? The same observations….lines of cars and trucks in both directions! None of the times were at “rush hour”.

I also noted that this weekend was a record box office weekend for movie goers; I see the Starbucks and Best Buys with many customers and retail sales are holding up. I saw a flash on the Internet from the release from the IMF (International Monetary Fund) that stated the U.S. consumers were holding up our economy and the rebate checks were just the thing at the right moment in time. Bet you didn’t see that on mainstream TV or radio! I didn’t either.

We don’t want to talk ourselves into misery. It’s bad for business and bad for manufacturing!

Keep on spending, consumers!

Entry Filed under: Economy