The mainstream media, liberal politicians, and some economists claim we are either in a recession or on the brink of one.
But can we really call it a recession when the recovery has begun at the very outset?
The housing market is usually the first segment in the economy to indicate trouble ahead. But even before that those who excavate and clear the land and prep it for building feel the first tremors in a coming economic downturn.
Conversely, these persons are also the ones who are the first to see the signs of recovery.
The buzz in the excavation and land prep business is that things are turning around, even as economists are still trying to make up their minds if we are in a recession or on the brink of one.
This is excellent news because it means that builders are gearing up to get moving again.
The turnaround won't take place over night. But the land movers would not be getting work unless homebuilders were getting ready to start building again...meaning, of course, that developers are seeing signs of an economic upswing in the housing industry.
Maybe we should begin to refer to this as the 'little recession that wasn't.'
Friday, April 11, 2008
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