Its the global economic paradigm, stupid!

spencer — Sun, 10 Aug 2008 03:05:20 +0000

As anyone who has been even remotely cognizant of the news can tell you, the US is facing some bad times. We are having credit failures, banking collapses, increased food costs, increased energy costs, a craptacular housing market, and a general retail slump. The last one is worrisome to me, the incessant purchasing of the American middle class has been the economic engine keeping this boat afloat and paddling upstream. With the recent closing of national chains such as Steve and Barry and the downsizing of Starbucks I have to wonder how this is affecting the independent merchant, and then I stop and realize that except for the high-end boutiques and artists and artisans there really are no more mom and pop shops in this country. But that chilling thought aside, the area most visibly harmed in this country has been the housing market.

Post from: selophane.blog

Its the global economic paradigm, stupid!

selophane.blog » Future Dreams

Its the global economic paradigm, stupid!