by socrates1fan » Thu 19 Jun 2008, 20:24:30
$this->bbcode_second_pass_quote('patience', 'I') beg to differ about "...many people in the industry see the big picture...." . No. The decision maker levels may have a few who see the big picture, but I'd put it at 1% or less, with regard to PO and its' implications.
CEO's are hamstrung by the demands of the push for earnings, in THIS QUARTER, and damn the future. Or, they will be booted out. It is that simple. There is no longer any room for forward thinkers of the degree needed today. I'm convinced that most major companies in the US will fall like a lead balloon right alongside all the quick-buck artists on Wall Street, as the growth paradigm changes to simple survival. No different than the unprepared soccer mom in suburbia, who discovers that with $150 to $200 oil, her lifestyle is not only unaffordable, but doesn't exist in the way she knew it.
Great point.
If that is the case then I suppose people will soon see the big picture when profits decline.
No doubt the suburban lifestyle is one that cannot be maintained(other than suburbs that live off of rail road transportation.).
However, things like malls or pricey hair salons won't vanish, they will simply go into the city. Many urban malls right now are doing quiet well while their suburban sisters are losing profit.