NLIC.org

Micheal Said:

To those who don't believe we are in a recession...lets discuss?

We Answered:

According to the NBER's guidelines for what a recession is, it certainly would point to the fact that we're in a recession. It doesn't take a weatherman to tell me that it is raining outside when my roof leaks.

Lets face it--- companies net profits have fallen, the housing market is a complete mess, consumer confidence has dropped significantly (although not a dramatic drop in the timeline of the suspected recessionary period)

You mentioned Bear Stearns already, but I'd like to add that Bear Stearns survived the Great Depression. It seems rather ironic that it would fall apart in a non-recessionary period.

Are we in a recession? I say yes, and some people may disagree, but I do know my roof is leaking.

Bryan Said:

What do I need to set up a bar/restaurant?

We Answered:

You should hire a construction consultant, general contractor, someone who has done bars/restaurants before. It always costs more than you planned. Be prepared!