Even Dallas Fed Confesses: “This is a Recession”

By A Texas Reader

True.

Another local restaurant closed recently. In a heavily trafficked shopping center, too. Middle to upper-middle-class neighborhoods surrounded it, but it still failed.

I see more panhandlers as well, especially in areas on the north side of Dallas, areas which heretofore never had panhandlers.

At David Stockman’s Contra Corner.

N.S.: As far as I can see, America has been in Great Depression II continuously, since at least August, 2008.