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I was just reading a very interesting article from England, “Two sliding sectors do not a recession make“.

The author makes some good observations about the current status of the American economy but ultimately it does not really matter what the statistics show, but how the majority of the populous, feels.

So does it feel to you that the American economy is not really in a recession?

From what I can see with my eyes in the Raleigh, North Carolina area, things don’t look so bad. New buildings are going up, new strip malls are being built and there are only two repo cars for sale out in front of a local bank, down from three.

I have not seen any evidence of mass neighborhood evacuations due to foreclosure and the stores seem to be busy, especially the Wal-Mart and Super Target. Shoppers looking for bargains, but still shopping.

Even when i went to the Apple store on Saturday for my training class, the mall was packed and I noticed a lot of people carrying bags of new purchases.

Sure, I hear grumbling around the contractor door at Home Depot about not enough business and the folks at the local car dealerships seem very anxious to make sales but I can’t quantify how much of a decline in business that represents or is just a moderated baseline in the constant desire for more sales.

What’s it looking like in your area?

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Steve

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