I'm involved with a few things - and business is booming...Up Huge....
I think the "dip" and your economic outlook is steeped in "regional" issues and industry related issues. If you're in the "rust belt" - you are certainly seeing the bottom of the glass. So many businesses were (note the past tense) advertising based for support... and that advertising gets cut 10 or 15% and the "fringe" will be the first to fall.
Business is measured this year: Flat is the new UP. LOL. However, some businesses are humming along and actually expanding. Autos would not be one of those... and these days - even an actual manufacturer could be doing quite well - but the employment is in China or India, NOT in the plants that were union shops based in the US. In my area - Boeing is a huge manufacturer... but their new plant is going to the Carolinas where the workers will get substantially less than the same workers here. Cost of living is quite different etc but none-the-less the jobs created are "gone" from here. Boeing however is doing "well".
So if you're into "composites" - to take just one example - business might be booming (the new 787 is composites) but if you're stamping aluminum (old planes) business might suck.
My reason for posting -- is that maybe people need to look for what's going on - not going down - and make a switch or work towards a switch... which may mean relocating etc.
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