The Recession Is Here, People

New York seems to be in a bubble. PSFK went to a salon last night and the number of times people said ‘if the recession happens’ astounded us. Around the world retail sales has slumped and the real estate market has crashed. The number of homes repossessed in the UK is at a record high since 1999 and the US had the worst retail month since they started monitoring in 1969.

We’re entering a world of less is more – not because we feel a need to reduce our consumption to save the world, it’s because we we just can’t continue consuming this way.

[hat tip to Jen Olson of Seed for thoughts]