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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: RealMuLan who wrote (84244)9/2/2008 3:17:08 PM
From: RealMuLan  Read Replies (1) of 116555
 
US retailers slash prices, but at what cost?
The Associated PressPublished: September 2, 2008
...
Stifel Nicholas analyst Richard Jaffe noted that the weak sales trend suggests a downturn that more closely resembles the one of the mid-1970s than more recent difficult periods.

"It's a more prolonged consumer spending downturn," he said. "It's going to be tough. There's no quick way out of it."
iht.com
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