Click here for a list of previous KNews columns The Economy's Impact on AV by Gary Kayye,
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Everything
I read, I hear and I watch leads me to believe the USA is in an economic
slowdown. My stocks (and everyone else's) have tanked. The price of heating
a house, the price of food and the cost of eating out is all going up.
The mainstream press is telling everyone we're in the beginnings of a
recession by finding people in Washington, DC who will say that the economy
is on the "verge of a recession". And, if they can't find anyone
to say that, they say it themselves.
Well, about a month ago, I decided I would go looking for signs of a recession in the ProAV market. Last week, I gave up. The fact of the matter is that there isn't one, yet. Although the stock of the dozen or so publicly-held companies in our market has all seen a major turn-down, the companies themselves are all hiring, busy and haven't yet seen a slowdown.
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