NOT THERE YET: No matter how much they worry and wring their hands, the economic doom and gloomers just can't get a break.
Latest reports show the economy still somehow manages to grow despite all the self-desiring prophecies of a recession. At LCT Magazine, we've heard enough anecdotal tidbits from operators who are making decent year-over-year revenue and/or profit increases to make us conclude that this industry is not quite in the doldrums. In fact, 95 percent of Americans are still employed; 96 percent of homeowners are paying their mortgages. . . With all the fear and scare talk, maybe more consumers should just chill out in a limo about the town. -- M.R.
Print | posted on Thursday, July 31, 2008 10:05 AM