There are growing fears the nation's economy is on the edge of recession— if not already in one — with news Wednesday that for the second consecutive quarter the economy has contracted.There are growing fears the nation's economy is on the edge of recession— if not already in one — with news Wednesday that for the second consecutive quarter the economy has contracted.
With that though, news that the economy shrank for the second straight quarter typically signals a recession. "When we give them a bid, they might call us six weeks later. And then we have to re-estimate the bid because of steel prices going up and the wood prices going up. Unfortunately, today, I can’t honor a bid more than about two to three weeks.