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I heard one of the first ways to determine a recession is to check with personal service people like manicurists and beauty shops. One of the first cut backs people will make is to stop having their nails done and getting their hair cut in longer intervals between cuts etc. I think we are headed for a recession. If people wouldn't live beyond their means, they wouldn't have all this debt. I was always told to "buy what I can afford, not what I want".
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I'm a receptionist in a salon and business is SLOW...It's frightening seeing these women fear for their success this year. One manicurist is barely getting fifteen appointments a week - you can easily do 15 manicures in a day...
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