The President will continue to tell you it’s doing pretty well, thank you. Living in a surreal anti-world, perhaps it is. A local blog noted that there were more than eight pages of foreclosures in the paper on Christmas Day. EIGHT PAGES in a very small font. And retailers? Well..
Bush Economy is One Big Lump of Coal for Retailers
I thought Republicans were supposed to be good for business. “A surge in spending over the weekend may not have been enough to rescue Target, Sears Holdings and Macy’s from the slowest holiday spending season in five years.” A five year low! Why on Earth would [...]
Now, let’s back away from the holiday focus, and look at the big picture. A word of caution – this analysis ain’t pretty. Not at all…
The Credit Warhead About to Detonate?
Happy Winter Solstice, y’all. And now, to make sure your holiday is so rich with DOOM-grade terror, let’s again remember that 2008 may look like far worse than 1929 ever did [...]
Tags: Economy, Christmas Shopping
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