Last Thursday I went on Fox Business to talk about the dismal retail sales numbers and the midst of my conversation with the lovely Liz Claman and awesome David Asman, I said the "R" word. All day, people were speculated that we might be on the brink of one, danced around the topic, insinuated we may be heading toward that direction, but from what my research told me, I felt I had to call a spade and spade. And so I just said it.
During times like these, the last thing anyone wants to do is admit that we are in fact, headed straight towards a crap economy, but when economic indicators like retail sales start to slow, and the amount of available jobs are next to nothing, there IS definitely something negative happening. So I will say it again people-we are on the brink of a recession!! Hunker down- it's unfortunately on the way!!