Quote:
Originally Posted by logos
I think recession may already be here. I own a small retail business, and it seems that I am raising prices every time I get a new shipment, to cover the skyrocketing shipping and handling costs. Suprisingly, my sales are actually up, but I am not optimistic about the coming months.
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The good news is that in Texas we are positioned the best in the USA for a recession. Due to the major energy companies based in Dallas and Houston we have a cash-infusion for our economy. People pay more for energy, energy companies proffit, energy companies (and their employees) spend their proffits in Texas.
So in Texas, and D/FW in particular, we will be the least hardest hit in the recession.
We're all going to take it on the chin, but while places like New York, the midwest, and California have James Thompson chins, Texas has a Fedor chin.