Wednesday, December 3, 2008

Recession? What Recession?

So-called experts have denied for some time what most of us already knew - we are in a recession. Yesterday it was announced that not only are we in a recession, but we have been for a year. Do the so-called experts really think Americans are that dense? The experts have told Americans for months that we were just experiencing an economic slow-down, only to now announce the recession is a year-old.

An interesting side-note from trend watchers is that as the economy heads downwards, there are a few areas that are on the rise. Apparently, one of the main indicators of a failing economy is the rise in sales of that old much-maligned favorite, SPAM. According to the New York Times, workers at Hormel Foods Corporation are racking up overtime hours as they work seven days a week to keep up with the demand.

Sales of other inexpensive foods that are on the rise include macaroni and cheese, Jello-O, Kool-Aid, pancake mixes and instant potatoes. So are vitamins and beer. What about the old college student favorite Ramon noodles?

Christmas dinner is going to take on a whole different look this year for many people.

Other upward trends include increase in military recruitment, shared living spaces, garage sale season expansion as people scramble for money, and people signing up for college classes to gain knowledge for possible career change or advancement. Another trend is that cigarette sales are up, despite the high cost of cigarettes these days. Sources say that the increase in cigarette sales is probably due to stress-related issues.

How has the recession affected your family? What are you doing to cut costs?

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