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: Perspective who wrote (107233)	6/7/2001 12:50:07 PM
From: Ken98	Read Replies (2) of 436258

BC, I am looking at retail sales, restaurant and home sales figures (in that order) to see if the next wave you are referring to is coming. Based on May retail sales and info I am hearing from people in the restaurant biz, it might be coming sooner than people think. As for home sales, they have not slowed meaningfully but inventories are beginning to rise which could lead to price slippage later. Part of the reason for the lag might be that many people that have been laid off the last few months have fairly generous severance packages to draw down, as well as 401(k) funds they can tap into. Another reason might be the use of credit cards as savings accounts, see (scroll down): scottburns.com <<Retailers Report Slipping Sales Nation's Largest Retailers Report Disappointing Sales for May>> biz.yahoo.com

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