Recession?

According to the empirical economic indicators, we’re in recession.

However, that’s only relative to where we were: at the top of a bubble.

Our psychology needs to evolve, and fast. Our economy is not toast. It’s simply re-adjusting after a binge of excess. Confidence needs to come back toward reality.

Goods are still being traded. Services are still being bought. We’ve simply entered a sobering period of fiscal restraint, in which unrealistic outlays are out of vogue.

Downward readjustment may not be fun, but surely it’s setting the stage for prosperity, and it is not the death sentence of downward spiral that it seems.