Should SMBs worry about a recession?
For months now, the economic prophets have been saying a recession is coming. I'm not an economist, but I have been running a small home-based business for decades. I've been through good times and bad. My particular industry — journalism — is in trouble. But then, it's always been in trouble.
I keep looking ahead, and I don't see a recession coming.
What do I know that others don't? Not much, but when I look at the same inflation, unemployment, market numbers, and other economic data. I come away with an entirely different view. I don't understand why the "experts" don't see it either.
For instance, we all know that major tech companies are laying off tens of thousands of people. They're all clearly scared by the potential of recession.