Wednesday, February 6, 2008

Real recession or just press?

Bill Watkins of Seagate (the hard drive people) said in a article “I think we're going to talk ourselves into a recession (rather) than there's an actual one there. But you talk with IBM or other people in the Valley and they're not seeing world recession.”

What we’ve always know - people get up, get dressed, eat breakfast, and go to work. They still use all the same things they always did. A recession is all in the mind if people still need all the same stuff they always did.

The only people who should hurt by a recession are the people who are directly loosing money in the stock drop. Everybody else is still producing and consuming. The people hurt indirectly get caught up because the producers panic and stop making the things people still want, so they lay off and now their customers don’t have paychecks to buy with.

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