@ttystikk and I were conversing about this after discussing our feelings about the economy in general. What makes a recession? People stop spending..but where does it start? Our findings: we both feel we are headed for recession, for different reasons. I'll let him explain his thoughts but here is what I am 'feeling': I correctly predicted the housing bubble burst with Lehman Brothers filing for bankruptcy..that summer I noticed the phones stop ringing. I had been in my position for 8 years so I'm familiar with sales cycle and with taxes it's even more cyclical..now fast forward to 2017..Fortune 500's once again have stopped calling and those who typically had budget for my services either has been cut to $100 or none at all. I had one customer who made a service purchase of $1200/monthly worth of goods..approved by their regional was cut to $0.. it was approved back in October; they cancelled their complete contract. In my business this is unheard of. Once it's budgeted for the year, it's good to go. I've heard that builders are telling their leasing offices that they must cut back from previous year..if your budget was $100, where do you go? Name brand four star hotels, are commiserating months at a time, over a $200 service purchase. I don't care that the market is doing well..something is up..something us way, way up. If you look at our countries history..we've been plagued by mini recessions that no one remembers unless you do the research..1890's..1910..1929 etc. Now Tty will tell you what he's noticed..trust me..he knows his math.