Almost everyone expects a recession. Could the economy avoid one?
Economy And Jobs,Recession,Inflation,Banking And Finance,Trade,CEOs,Federal Reserve,Interest Rates,GDP
Joe Shamie hears plenty of talk of a looming recession. But his business just isnβt feeling it.
Shamie expects a decent holiday season for his company, Delta Children, which sells strollers, cribs, bassinets and other baby furniture. Heβs encouraged that global supply chains are clearing up and borders are gradually loosening. From his New York City headquarters, he has no plans to cut staff and would hire more people if the right candidates come along.
βPeople and businesses create their own self-fulfilling prophecy: you expect the worst, you end up creating the worst,β Shamie said. βI laugh because sometimes I sit with some of my friends, talking about how bad it is. And I say, βWeβre at a gorgeous restaurant, spending tons of money.β I look left and right, and say, βAh, things donβt look so bad. And yet, youβre complaining.β β