Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: ild who wrote (98462)	5/2/2001 3:59:22 PM
From: Earlie	Read Replies (2) of 436258

Ild: I did report on my recent road trip... noted oodles of inventory across the tech sector and plenty of tears among the sales folks. I am seeing a different pattern in consumer spending than are you, but that is understandable. Consumer spending tends to cool "from the bottom up".... primarily I suspect because the guys and gals at the lower end of the employment spectrum tend to be laid off first. I see serious curtailment commencing, especially at the blue collar level and lower levels of white collar employment, especially where the skills are generic and hence lay-offs are becoming more prevelent. I do agree that for those who can (and are) refinancing their homes, spending hasn't yet taken a big hit. Most of the retailers I have spoken to are worried and many malls are sprouting more "white-washed windows" (i.e., empty store facilities). By the way, truck traffic is now coming off so dramatically that it is noticeable, even to the police. I had a gab with several from different geographic areas and most noted that it seemed to be lightening up. My own truck traffic markers just continue to fall, as do almost all of the rest of my indicators. Best, Earlie

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