That must be true. The dollar stores (which stock inventory mostly from China, by the way) are doing a brisk business these days. In fact, they are putting one in a once high-end galleria-style shopping area in downtown Cincinnati. That is truly amazing.
On Oct 17, 10:48 am, "[EMAIL PROTECTED]" <[EMAIL PROTECTED]> wrote: > I see. It is hard for me too to know it. > > People say that in this sort of crisis business that are very focussed > on the very high end (the hyper super wealthy people) or the low end > (poor people) have more chances to survive. Businesses that target the > middle class suffer a lot and few survive as this crisis will last for > long. It is just a rough opinion that maybe is worthless for one > particular business, but maybe it might help somehow. > > Peace and my honest and tight best wishes for you and yours. > > Xi > > On Oct 17, 4:29 pm, CincyBabe <[EMAIL PROTECTED]> wrote: > > > Thanks, Xi. The worst thing about it is that our business is heavily > > focused on education and entertainment. Typically, the education > > aspect is rock solid, so when that goes sour it's an indication of > > something very seriously wrong. > > > On Oct 16, 3:32 pm, "[EMAIL PROTECTED]" <[EMAIL PROTECTED]> wrote: > > > > I am really sorry. > > > > (((((Cincy))))) > > > > These are really troubled times. We cannot but to get ready for > > > anything that might happen and to be aware of everything, for quick > > > reaction to any event. > > > > Peace and best wishes. > > > > Xi > > > > On Oct 16, 9:19 pm, CincyBabe <[EMAIL PROTECTED]> wrote: > > > > > Our business has fallen off a cliff. Sales are worse today than they > > > > were in the couple of months after 9/11, and they were terrible then. > > > > > On Oct 16, 9:30 am, "[EMAIL PROTECTED]" <[EMAIL PROTECTED]> wrote: > > > > > > My comment: I cannot judge yet, but please read the thread > > > > > Deflationary recession or > > > > > Hyperinflation?http://groups.google.com/group/world-thread/browse_thread/thread/cb4a... > > > > > > Inflation in U.S. Wanes; Consumer Prices > > > > > Unchangedhttp://www.bloomberg.com/apps/news?pid=newsarchive&sid=akY6AvvvuDp0 > > > > > > Oct. 16 (Bloomberg) -- The cost of living in the U.S. was unchanged in > > > > > September, restrained by declines in fuel costs, automobile prices and > > > > > airline fares that show the slowing economy is starting to cool > > > > > inflation. > > > > > > The Labor Department's consumer price index was unchanged after a 0.1 > > > > > percent drop in August; economists had forecast an increase for last > > > > > month. So-called core prices, which exclude food and energy, rose 0.1 > > > > > percent, also less than forecast. > > > > > > Today's figures show that for the first time in two years, prices > > > > > didn't increase for two straight months. Waning inflation gives > > > > > Federal Reserve Chairman Ben S. Bernanke scope to lower interest rates > > > > > further as policy makers attempt to unfreeze credit markets. > > > > > > ``It'll give the Fed a little bit of cover to cut rates when they meet > > > > > next,'' on Oct. 28-29, John Ryding, chief economist at RDQ Economics > > > > > in New York, said in an interview with Bloomberg Television. > > > > > > Treasury securities, which had fallen earlier in the day on signs of > > > > > easing pressures in money markets, remained lower after the consumer- > > > > > price report. Yields on benchmark 10-year notes were 4.02 percent at > > > > > 8:43 a.m. in New York, from 3.95 percent late yesterday. > > > > > > Economist's Forecasts > > > > > > Consumer prices were forecast to rise 0.1 percent, according to the > > > > > median forecast of 75 economists in a Bloomberg News survey. Estimates > > > > > ranged from a decline of 0.3 percent to a gain of 0.2 percent. Costs > > > > > excluding food and energy were forecast to rise 0.2 percent, the > > > > > survey showed. > > > > > > Prices increased 4.9 percent in the 12 months to September after a > > > > > year-over-year gain of 5.4 percent in August. The core rate increased > > > > > 2.5 percent from September 2007, the same as the year-over-year > > > > > increase in the prior month. > > > > > > Separately, the Labor Department said initial jobless claims fell last > > > > > week as job losses related to the Gulf Coast hurricanes subsided, > > > > > while total benefit rolls rose to the highest level in five years. > > > > > First-time applications declined by 16,000 to 461,000 in the week that > > > > > ended Oct. 11. > > > > > > Some companies are cutting prices to entice cash-strapped consumers > > > > > who are limiting purchases to essential items such as food and fuel. > > > > > > Record Decline > > > > > > Energy expenses dropped 1.9 percent, led by the biggest decrease in > > > > > the cost of natural gas on record. Gasoline prices fell 0.6 percent. > > > > > > Oil prices have kept coming down this month. Crude oil futures on the > > > > > New York Mercantile Exchange dipped below $75 a barrel yesterday after > > > > > averaging $103.76 in September. > > > > > > The consumer-price index is the last of three monthly price gauges > > > > > from the Labor Department. The CPI is the government's broadest gauge > > > > > of costs because it includes goods and services. > > > > > > Prices paid to U.S. producers fell for a second month in September, > > > > > the first back-to-back drop in two years, the government said > > > > > yesterday. Import costs last month decreased by the most since April > > > > > 2003, Labor figures showed last week. > > > > > > Food prices, which account for about a fifth of the CPI, rose 0.6 > > > > > percent for a second month. > > > > > > New-vehicle prices dropped 0.7 percent, the most since August 2005, > > > > > and air fares fell 1.7 percent, the biggest decline since November > > > > > 2006. > > > > > > Earnings Weaken > > > > > > Today's figures also showed wages were unchanged last month, after > > > > > adjusting for inflation, following an increase of 0.6 percent in > > > > > August. They were down 2.5 percent over the 12 months to September. > > > > > The decline in purchasing power is contributing to the slowdown in > > > > > consumer spending. > > > > > > The Commerce Department said yesterday retail sales dropped in > > > > > September by the most in three years. > > > > > > Mattel, the world's largest toymaker, said this month that most of its > > > > > holiday toys will cost less than $20 to help lure shoppers who are > > > > > cutting back on spending. > > > > > > Wal-Mart Stores Inc. said this month it will cut prices ahead of the > > > > > holiday season, offering 10 items for $10 each. > > > > > > Hotel companies are struggling as consumers pull back on spending. > > > > > Marriott International Inc., the biggest U.S. hotel chain, said in a > > > > > statement that a measure of rates and occupancy will ``at best'' fall > > > > > 3 percent in North America in 2009. > > > > > > The effects of the deepening credit crisis on the economy will cause > > > > > the unemployment rate to keep rising for another year, reaching 7.3 > > > > > percent by the last three months of 2009, said Maury Harris, chief > > > > > U.S. economist at UBS Securities LLC in New York. The rate was 6.1 > > > > > percent last month, matching a five-year high. > > > > > > ``This is something that is impossible to turn around right away,'' > > > > > Harris said in an interview on Bloomberg Radio yesterday. > > > > > > On Oct 8, 5:31 pm, "[EMAIL PROTECTED]" <[EMAIL PROTECTED]> wrote: > > > > > > > Finally the lack of trust (the wallet is smarter than the mind) led > > > > > > the storm in the banking system in USA, wipping out many players, > > > > > > and > > > > > > then to the rest of the world with more or less consequences > > > > > > depending > > > > > > on the economic area. > > > > > > > This, combined with the current economic war for global influence, > > > > > > has > > > > > > created a chaos as collateral damage. We are into the same phase > > > > > > yet, > > > > > > fall of purchasing power and fall of confidence. > > > > > > > Fed Tries to Find What Works in Mess: John M. Berry > > > > > > (Update1)http://www.bloomberg.com/apps/news?pid=newsarchive&sid=anlb12f2CT7s > > > > > > > On Sep 9, 9:15 pm, "Xi Ling" <[EMAIL PROTECTED]> wrote: > > > > > > > > LOL.I laugh with you at your last comment. > > > > > > > > (((((Mrs. R.))))) > > > > > > > > Thank you very much for your message,.It is smart and clear. > > > > > > > > I cannot disagree. In addition, obviously, you know your country > > > > > > > and your > > > > > > > people, while I do not. I just see their economic environment. > > > > > > > > There is a rate that more or less describes the circumstances for > > > > > > > the people > > > > > > > that you mean. It is called "pain and misery index". I enclose it > > > > > > > here. > > > > > > > > As you can see, regarding this topic, the current situation in > > > > > > > USA is close > > > > > > > to those in 1935 (great depression) and 1915 (WW1) and, for > > > > > > > example, far > > > > > > > from the prosperity that US economy lived between 1945 and 1970. > > > > > > > > That chart comes from > > > > > > > >http://www.nowandfutures.com/key_stats.html > > > > > > > > It takes official information and completes it. What they called > > > > > > > without > > > > > > > lies. LOL > > > > > > > > Anyway, with or without lies, the current situation of those > > > > > > > people is > > > > > > > severe. Right now, almost as severe as the most severe situation > > > > > > > that US > > > > > > > economy has known in the last 100 years. And we cannot forecast > > > > > > > anything > > > > > > > that eases it. On the contrary, it is worsening month after > > > > > > > month. And more > > > > > > > and more people are entering into that group. I cannot do much > > > > > > > for many, but > > > > > > > maybe I can do something for some to prevent them to fall into > > > > > > > that > > > > > > > category. > > > > > > > > Related that group of people, you touch a topic that has a > > > > > > > technical name, > > > > > > > asymetric information, and that I care very much. Prof. Joseph > > > > > > > Stiglitz (and > > > > > > > others) won the Nobel prize by challenging the "perfect market" > > > > > > > with his > > > > > > > models about those asymetries. Not everybody has the same > > > > > > > information when > > > > > > > they face economic decisions, That corrupts markets and moves > > > > > > > economies > > > > > > > toward wrong situations where everybody (even those with accurate > > > > > > > information and smart decission logic) suffer the > > ... > > read more » --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "World-thread" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~----------~----~----~----~------~----~------~--~---
