Look for it in the earnings of discount retailers, restaurants and travel sectors. Start to look for GDP to be impacted, earnings in the third and fourth quarters, especially now because we're starting to approach the home heating season. This is not good. We haven't seen anything like this in the better part of 25 years, where you start to have people thinking about gas lines.
This is expected to be one of the worse hurricane seasons, and so far they're right and we're only halfway through it. All you have to do is pose the question What if you had another monster storm in another few weeks, just as things are starting to come back on line I don't know how you would avoid recession in that environment.
If you can use basic common sense, you're OK. But, when you're a college kid, dying to play in the NFL, and now you have scouts from the Giants, the Seahawks, the Cowboys all waiting on you, and you're trying to figure out how many 25-cent eggs Sally needs to sell to make 15, you're afraid you're going to look stupid.