Herald-Tribune: Debaten sobre posible comienzo de una recesión

Whether incomes are dipping is at core of recession debate

Published: Sunday, November 11, 2007 at 3:01 a.m.

Last Modified: Sunday, November 11, 2007 at 4:18 a.m.

Herald-Tribune.com

Hank Fishkind's Orlando-based economic research firm predicted in October 2006 that personal incomes in Charlotte, Sarasota and Manatee counties would drop 17 percent in 2007 and would not climb back to 2006 levels until well past 2010.

When called by the Herald-Tribune, one of Fishkind's associates said the numbers, which had been available on the firm's Web site for a year, were wrong and fresh statistics would be out shortly.

Despite the fact that the economy has taken a turn for the worse, Fishkind & Associates came back with numbers that show personal income rising 2.5 percent to $32.6 billion in 2007, and continuing to rise at an accelerated pace through the end of the decade.

Fishkind defended the new figures last week, saying that tourism and other sectors of the economy are making up for the declines in anything related to home building.

"We still have positive job growth," Fishkind said.

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