Each
day brings new numbers that reveal the possibility of a slowing
economy. Nobody really knows if there is actual deterioration going on
out there -- or if a macro slide is in the offing. But the word on the
street is that recession is coming, that recession is inevitable. It's
especially confusing to executives and entrepreneurs because business
seems to be holding up pretty well in the face of this crumbling and
off-putting market psychology.
So, while we're waiting to find out if a downturn will drown us, I thought I'd take stock.
Without revealing my age (I'm still a vigorous and engaged CEO), I
realized that this could be the fifth or sixth recession I've
experienced in my working lifetime; it depends on whether we want to
put an asterisk next to the Internet implosion of