Does not compute
The buzz over the last couple of weeks is that there are some indications that the economy is picking up a bit.
Oddly enough, this comes at precisely the moment when “those in the know” were predicting a slump caused by our government’s apparent inability to agree on anything, resulting in the triggering of a scenario so ridiculous that no one in their right minds would ever let it happen, known as “the sequester.”
Despite predictions of instant economic disaster, the stock market is hitting all-time highs and there is even talk of the housing market regaining something of a foothold. Of course, these indicators are much more favorable to those now known as the top two percent and many on the lower end of the spectrum are already feeling the pinch. But most of us in the woodworking business tend to cater to the higher income levels. And when these people are feeling a bit safer and maybe a bit more flush, they tend to start thinking about newer and better stuff. That’s good for us. We love to hear people say, “These cabinets have got to go!” or “Can’t we do something about that old table?”
I would never presume to try and predict what will happen next. But right now, the sequester is showing signs of earning a spot in history with the end of the world and Y2K predictions.
The world might just keep on turning, at least for a while yet.