Many economists have already declared that the United States is in a recession. Officially, the government will not determine whether we are in a recession now until months later because a recession is generally defined as two consecutive quarters of economic contraction, which can only be measured after the fact.

I wonder what effect a recession would have on internet business. If big companies like Google and Microsoft have trouble, it could trickle down to the rest of us. Of course, when any internet businesses raise their prices or go under, there are many more willing to fill the spot. Since anyone can engage in internet business from anywhere in the world, people from poorer countries are always willing to work for lower rates when other people can no longer be competitive.

The businesses that rely on selling services will be the best off, I think. The people who have to watch out are those who make money by investing. You cannot count on your money to make you money in a recession.

Whatever the case, just be careful. What do you think?