Add to that the news this week of layoffs. An industry like the one I'm in is facing so much uncertainty it's difficult to imagine how it all turns out. Shifting audiences, and new technology like the move to digital media are happening right as we enter the very expensive upgrade to HDTV. Put a recession in the mix and it's an equation with too many variables. I don't envy the people upstairs who have to make the books come out right.
The truth is, in economic terms, I don't envy ANY of us with what's likely to go in the next year or so. Before it's over there are likely to be more than a few of our neighbors who will need sympathy as well as a little help.
Friday, April 4, 2008
Young Blogs the Economic Slowdown
Reporter Lou Young blogged about the likely recession and this passage is of particular interest in light of this week's events: