Welcome to the forum! Can you give us some info from out in the field? How is corporate spending? Assuming you sell products to companies, are they in a purchasing mood? Will company capital investment take over when the consumer slacks off?
As far as the economy, in my opinion, a recession is coming, and it will be nationwide in scope. I wish I’d received more feedback on my recession post from a couple days ago. Lest you think it’s gloomy, I believe a healthy economy consists of ups and downs, so a recession is natural. How many economists predicted a recession? Economists are usually full of hope, aren’t they, as they work for companies whose interests they must promote, or they are so far removed in an ivory tower, that nothing fazes them (sort of like those Ponoma housing bulls whose study was based on the ludicrous assumption that housing will go up 6% anually).
I also wrote a post about the SF housing market. It is more resilient, and was during the last downturn. I didn’t know why, but the higher-paying jobs are a plausible explanation. However, even there the ARM usage has been high, and wherever there’s an ARM, there’s a likely foreclosure lurking in the near future.