Customers don’t want deals, they want steals because of increasingly difficult economic times. Businesses are suffering because of tighter purse strings.
12/20/2008
In any great organization it is far, far safer to be wrong with the majority than to be right alone. —John Kenneth Galbraith
Asian currencies continue to sell off vs the $ on the heels of the news yesterday that South Korea said they will look into hot money inflows stemming from the $ carry trade and the Bank of Indonesia said they are looking into the foreign buying of bills. This follows the news a few weeks ago that Taiwan was limiting foreign deposit holdings and Brazil was taxing foreign inflow transactions. As I mentioned yesterday, we may have reached a short term pain threshold in terms of $ weakness and foreign countries are fighting back as they certainly won't wait for...
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December 21st, 2008 at 5:01 pm
We won’t be far behind Britain…
http://business.timesonline.co.uk/tol/business/industry_sectors/retailing/article5375478.ece
From The Sunday TimesDecember 21, 2008
High street braced for Christmas sales carnage….
“UP to 15 national retail chains are predicted to go bust …..”
December 21st, 2008 at 11:33 pm
Incomes for the bottom 90% just won’t raise and it’s been like that for a very long time.
So, kiss the consumer econ good bye.
December 22nd, 2008 at 3:04 am
Dear BR,
I love your site but it seems like the links to flash movies posted here simply do not work. This is the second time i’ve had to extract the source link and open a new tab in my browser to play the video…not that that’s a huge inconvenience but just something I thought I’d mention
Happy Holidays!
DL