The US is in a Recession – Still
Well, the WSJ put it on the front page Saturday, so it must be true. SNS Members have known this since last December, but, hey, c’mon in, WSJ, the water’s fine.
After all, who would expect you to get a trivial sidebar story like US In Recession, correct and on time?
Just to be doubly safe, the upper left story said “is falling into,” even as the Headline Story said “suggest US is in” recession. You can never be too careful.
I saw my friend Rob Glaser (CEO RealNetworks, longtime SNS Member) at a fundraiser for Mark Warner (worth a separate blog), seeking a Senate seat for Virginia, and he asked me what I thought about the country’s economic future.
Since I’ve been set to give a speech on Global Business and Technology next Tuesday to SVB (silicon valley bank) Financial Group, I’ve mustering thoughts in this direction.
Tech will do fine, I told him. Housing and construction will be down for another 1-2 years. This recession is going to be different from “the usual,” in its uneven character: global tech companies will have boom times, even as domestic construction firms are wallowing.
Which team are you on? It will make all the difference over the next two years.