On Tue, 8 Sep 2009 12:51:59 -0700 (PDT), Too_Many_Tools
wrote:

On Sep 8, 2:34*pm, "Fred Brown" wrote:
"rigger" wrote in message

...
On Sep 8, 8:32 am, Too_Many_Tools wrote:

I recently watched an interview among major economists who anticipate
a 10-15% reduction in the country's economy if the new frugality
becomes the new normal.

If this is the future (and I have no reason to think otherwise), it
will be a sobering reality for the United States.

With the credit card companies limiting and reducing credit limits it
looks like a bleak holiday season. The stores that depend on holiday
sales for annual profits are going to be in trouble. Many will probably
go under and the government will wonder what happened to the tax
revenues. States are already feeling the crunch from unpaid taxes from
failed businesses.



You will also see many discussions now that consider that exporting
will be the way out of the recession...and of course all the countries
are expecting others to export them out of the recession.

Self denial?

I suspect so.

Your thoughts?

TMT


[BIG snip]

Most retailers get between 40 - 60% of their annual revenue between
Thanksgiving and Christmas.

TMT

221 lines just to add 2 lines of comment?

Joe