PeakOil is You
The Consumerism Thread (merged)
Re: Worst plunge in consumer spending since 1980
by heroineworshipper » Wed 26 Nov 2008, 16:22:35
change you can count on
People first, then things, then dollars.
There will be enslavement, cannibalism, & zombie invasions.
There will be enslavement, cannibalism, & zombie invasions.
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heroineworshipper - Tar Sands
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Re: Worst plunge in consumer spending since 1980
by TWilliam » Wed 26 Nov 2008, 17:28:42
$this->bbcode_second_pass_quote('burn0gas', 'N')ext bubble = soup kitchens?
Indeed. Who sells the cheapest soup base in bulk? Sounds like the next Wall Street hot opportunity...
"It means buckle your seatbelt, Dorothy, because Kansas? Is goin' bye-bye... "
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TWilliam - Expert
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Re: Worst plunge in consumer spending since 1980
by mefistofeles » Wed 26 Nov 2008, 20:09:31
Wow 3% it sounds like the end of the world to me. Honestly if this keeps up I think we're going to see inflation rather than deflation.
Its a notable decrease but with less shipping and so many factories closing in China I think sales will be acceptable. In fact we may actually run out of goods at a retail level if this the actual decrease in sales is only 3%.
Its a notable decrease but with less shipping and so many factories closing in China I think sales will be acceptable. In fact we may actually run out of goods at a retail level if this the actual decrease in sales is only 3%.
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mefistofeles - Coal
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Re: Worst plunge in consumer spending since 1980
by Cog » Wed 26 Nov 2008, 20:20:13
$this->bbcode_second_pass_quote('mefistofeles', 'W')ow 3% it sounds like the end of the world to me. Honestly if this keeps up I think we're going to see inflation rather than deflation.
Its a notable decrease but with less shipping and so many factories closing in China I think sales will be acceptable. In fact we may actually run out of goods at a retail level if this the actual decrease in sales is only 3%.
Its a notable decrease but with less shipping and so many factories closing in China I think sales will be acceptable. In fact we may actually run out of goods at a retail level if this the actual decrease in sales is only 3%.
I would argue that 3% is rather a significant drop in discretionary spending when we are talking the volumes of sales in the billions. As we go into the Christmas shopping season, many retailers count on large sales to carry them through the year. I fully expect that sales are going to be down even more in November and December from last year.
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Cog - Fusion
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Re: Worst plunge in consumer spending since 1980
by the48thronin » Wed 26 Nov 2008, 21:09:09
$this->bbcode_second_pass_quote('Cog', '')$this->bbcode_second_pass_quote('mefistofeles', 'W')ow 3% it sounds like the end of the world to me. Honestly if this keeps up I think we're going to see inflation rather than deflation.
Its a notable decrease but with less shipping and so many factories closing in China I think sales will be acceptable. In fact we may actually run out of goods at a retail level if this the actual decrease in sales is only 3%.
Its a notable decrease but with less shipping and so many factories closing in China I think sales will be acceptable. In fact we may actually run out of goods at a retail level if this the actual decrease in sales is only 3%.
I would argue that 3% is rather a significant drop in discretionary spending when we are talking the volumes of sales in the billions. As we go into the Christmas shopping season, many retailers count on large sales to carry them through the year. I fully expect that sales are going to be down even more in November and December from last year.
Just came back from my annual pre thaanksgiving buying spree at the local super center.
Spent 92$ and not one thing in the cart was from anywhere other than "made in U S A.
I had a thought occasioned by my and my wifes frequent label checking and returning to shelf of items "made in China".
Is the 3% a realization of less discretionary spending, or simply a factor in the "If I can do without it, I won't buy it if it was made in China" syndrome.
We noticed several other shoppers checking the labels as much as we were, when I picked out two snap close plastic containers and showed my wife they were made in USA unlike the two marginaly cheaper ones she was frowning and placing back on the shelves, a couple standing watching us mentioned that they also were sure glad to see there was a brand that was worth buying.
just a thought... like detroits cars, maybe the chinese trinket market is full of items people do not want to buy...
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What do the miners do when the canary dies? EVACUATE THE MINE not argue about the color of it's feathers or buy a parrot instead.
Where is my pitchfork and torch? I need them for a visit to the castle!
Courtesy and Courage Sincerity and Self-control Honor and Loyalty a Code to Live By!
What do the miners do when the canary dies? EVACUATE THE MINE not argue about the color of it's feathers or buy a parrot instead.
Where is my pitchfork and torch? I need them for a visit to the castle!
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the48thronin - Tar Sands
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Whats next?? The big banks continuing to be as responsible and wise as they have been to date, cut back credit lines on consumer credit cards to all but those with gold plated credit at the same time they raise rates on the balance already owed. This converts the US over night to a Cash as you go basis and consumers respond by cutting back family spending by twenty five percent or more virtually halting all dicretionary spending thus contracting the economy by twelve percent.