David Kirkpatrick

May 10, 2008

Tell me …

Filed under: Business — Tags: , , , — David Kirkpatrick @ 3:57 pm

we’re not in a recession.

Yeah, I went to b-school and learned all the signifiers and markers, and if you knocked me down I might remember some of them. And, yes, I know we don’t meet the classic standard for a “recession.”

I argue that facts override academic models any day.

From the link:

The foreclosure crisis is hitting yet another American locale: the self-storage center.

As they lose their homes, people are turning to these humble cinderblock and sheet-metal boxes to store their stuff. But some people cannot keep up with their storage bills any better than they could handle their mortgage payments, and storage companies are auctioning off their property for a pittance.

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