December 2008- I think that this time last year the world had stopped!! The stock market was at an all time low. The banks were all frozen and consumers had no confidence in the economy. We were not officially in a recession, however we all knew it to be true.
Over the next few days- I am going to revisit some of the post that I made 1 year ago that are still relevant in December of 2009.
One year ago, over 90% of my clients put their projects on hold so I was prompted to write this piece:
What is different now? People know that we are in a recession, however homes still need to be built and houses still need improvement. I can only imagine how much work has been generated out of the flooding that occurred. We are still an economy based on consumption, however people and spending their money with more care and not relying on banks as much anymore. We are seeing more spending now over this time last year, however it is not dependent upon banks as much.
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Dec.13,2009