With the news this week that the recession officially ended
in June 2009, there’s a ton of commentary about how it still feels like
we’re in recession. But from where I sit, it never felt much like a
recession at all. Revenues tightened up and people didn’t get raises,
but I don’t know any friends who lost apartments, few who lost jobs and
few companies that went under, just because of the crash.
Compare that to the post-2000 crash, when I’d estimate that half of my friends in the Bay Area were laid off and out of work for months or in some cases, years. I may sound like those old grandmas who insists on rinsing and reusing paper towels because they never got over the Great Depression, but honestly, that was a recession. This thing we just went through? From the Valley standpoint it was an excuse to trim fat and put some decisions off.
To read the full, original article click on this link: Now that the Recession Officially Ended….Whatever Happened to that Other Shoe?
Author: Sarah Lacy
