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Strategies & Market Trends : Commercial Real Estate tic.............tic,,,
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To: Smiling Bob who wrote (233)6/25/2009 7:16:24 PM
From: Perspective  Read Replies (2) of 442
 
I guess I'm still in awe that the drops at most retail stores are contained to a mere 10% decline. The number of underemployed has absolutely skyrocketed, and those who remain employed have watched their housing and financial market wealth evaporate. I would have thought that the 1 in 10 households directly hit by the recession would have completely eliminated discretionary purchases, and that the remainder would have at least changed their behavior somewhat toward increased conservatism. And then I would have thought the disappearance of the home equity ATM and the general tightening of credit would heap further insult on top of these injuries.

Of course, I'm a long-term planning, positive savings rate engineer at heart...

`BC
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