The grocery store Friday night and was surprised it was so uncrowded
By Daniel at 23 December, 2008, 2:08 pm
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This was the last Friday before Christmas! Ditto for Lowe’s. Went out today for lunch and drove around for a look see, not much happening, more like a regular day not the holidays! This doesn’t bode well for post Christmas sales figures.
I see some major problems in the first quarter of next year;
1. The commercial real estate bubble is popping!
2. Retail sales worse and worse.
3. Unemployment increasing at or higher than it’s current pace.
4. A major bank biting the dust (Citi? BoA?).
5. More bail-outs increasing taxpayer frustration and anger!
6. GDP, CPI, Consumer Sentiment, Housing, foreclosure, etc., numbers continuing to pound the economy!
7. Obama, whom I voted for, taking office and finding that things are worse than he imagined and his “dream” team are wholly unequipped and ill-prepared retreads.
8. The Fed has no more bullets and the grizzly is charging!
9. The Alt-A and Option Arm homeloans that are about to foreclose over the next few years.
It is going to be a very harsh reality time! Cheerleaders and false prophets need not apply.
The possible government actions :
1. The govt will bailout real estate
2. The govt will give everyone money to shop
3. The govt will hire everyone wanting to work
4. They can’t fail, the govt already owns them
5. People will be too worried about their future to care
6. But we have that second half recovery coming, again. MSNBC said so today from a panel of their economists.
7. They will be off fighting global warming. No time for us.
8. Those were empty cartridges. They took the bullets out and sold them for spare cash a long time ago. The Grizzly has been enjoying quite a meal while the empty gun barked. More are on the way.
I love my country and I hope I am wrong. I would love to hear some arguments for why I am wrong.
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