You're right Babe. People are being cautious. Of course, even if they are willing to spend, overall there's less disposable cash with which to spend. I still maintain that unemployment will hit 10% this year and that will further drain disposable income. We already know that GM is planning a 9 week holiday for its employees. The impact of that is going to be significant.
It's already at 8 or 9, so 10% is no big prediction.
Long as I remember The rain been coming down. Clouds of Mystery pouring Confusion on the ground. Good men through the ages, Trying to find the sun; And I wonder, Still I wonder, Who'll stop the rain.
