Recession

As a professional engineer, I am involved with residential and commercial real estate development projects often from the start - conducting due diligence to see if a development project is feasible or not. This keeps my finger on the pulse of what is happening in land development.It was obvious from late 2007 and throughout 2008 that real estate development activity was drying up, simply by following...

The U.S. is officially in a recession. What is a recession? A recession is a business cycle contraction or general economic decline due to significant drop in spending and other commercial activities. Most pundits and politicians will blame Covid-19 crisis for the recession, but even pre-Covid-19 the proverbial writing was on the wall.The U.S. had over 120 months of economic growth, which was the longest...