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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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From: Paul Kern12/15/2005 7:08:42 PM
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Report from a mall near New York City. Visit time about two hours from 1 00 to 3 00.

1)Fewer than normal number of cars in the parking lot and parked near the door.

2)People density about the same as a slow weekday afternoon in August.

3)About 10 per cent carrying shopping bags.

This is, of course, a very small, statistically insignificant, sample from, usually very busy mall but it does not portend well for the shopping season. I'm at this mall about this time every year and usually on a weekday afternoon and, even during the recession, it was never this slow. Are people tapped out? Have they used up all their credit and HELOC money?

Paul
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