by copious.abundance » Tue 14 Jul 2009, 20:17:13
$this->bbcode_second_pass_quote('DantesPeak', 'Y')ou want signs, I see lots of signs that are not in the news. Stocks of basic items missing in big box home builder stores, truck traffic visably down, more empty buildings that I've ever seen, vacated mall space in malls that were always 99% occupied before, even the parking lot in my office looking very much empty lately (possibly more people taking longer summer vacations).
I though this thread was about signs and not whether you are a doomer or not. Certainly there are also signs of posssible economic recovery in another thread, even if that doesn't translate into economic recovery.
The fact that truck traffic is down does not mean the JIT distribution system is on the verge of breakdown, it simply means people are buying less stuff, and therefore there is less stuff for trucks to deliver. This has happened in prior recessions, and it's no surprise it's happened again in this one.
Same with vacated mall stores and empty buildings. This kind of thing happens in just about every economic slowdown.
I haven't noticed any empty shelves in big-box stores. If there are some empty shelves at Home Depot (haven't been there in a while myself), it's probably because housing starts are way down and there is less need to keep shelves filled.
Face it: This whole thread is yet another failed doomer prediction.