The Recession Is Here, People

The Recession Is Here, People
Piers Fawkes, PSFK
  • 8 february 2008

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.

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