As the economy grew we beefed up we got fat. The downturn always is expected. It is just a business cycle. And, from all appearances, it is pretty mild. Then again, Clinch notes, you seldom know you are in a recession until you are well into it.
Investors tend to be more passionate in such circumstances than economists.
There s panic out there, sir, declares George R. Hebert, president of Castle Holding Corp., parent company of Castle Securities and Citadel Securities. People are scared. C mon, it s not that bad, counters labor consultant Ed Rankin, chief executive officer of Dallas-based People Solutions Inc., a consulting and outsourcing company. Because society as a whole is fearful of change, the rumors of an economic slowdown are causing many employers undue concern about a recession. The reality is that certain sectors of the economy still have an accelerated demand for workers.