It's remarkable how many industries say they're already in recession, writes chrismbryant (via opinion)
. “Maybe the country is not in a recession, but real estate is,” Jordan Kaplan, boss of US property-investment firm Douglas Emmett Inc. said last week.
“Our industry has been in recession and still is,” Jonathan Johnson, chief executive officer of online furnishings retailer Overstock.com said. “I don’t know that we’ve ever seen freight demand fall this far, so far and for so long, without an accompanying economic recession,” David Jackson, the boss of Knight-Swift Transportation Holdings Inc. told analysts.
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