Counting the cash. (Photo: NATNN, via Shutterstock)
When Steve Swanson decided to stop accepting cash at his longtime chain of Sacramento area dry cleaning stores, it seemed to make all the sense in the world. “Cash was such a small portion of our operation,” he says. “Some days we might have only a few dollars for a whole day.” But soon he might not have a choice.
A 3D rendering of stock indices in open space. (Image: Vitaly Sosnofsky)
There are clouds on California’s economic horizon, but whether they herald a coming recession is uncertain. The experts agree that there is a slowdown, but there is little consensus beyond that.