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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Ramsey Su who wrote (24197)	1/7/2005 9:19:26 PM
From: Elroy Jetson	Respond to of 110194

Time will tell what's really going on. I wish I could play video clips of the retail owners I've spoken to, emphatically telling me their customers stopped spending early in November. The tell me about lots of customer traffic, but either not spending, spending less, not springing for the extras, finding cheaper alternatives. I continue to be impressed by a local car wash which, since September, does a huge volume of business with a $4 discount wash. You vacuum your car yourself, no one hand cleans your wheels or interior, or puts Armour-all on your tires and trim. This competes with self-wash bays which had recently raised their price to $4, but are more importantly taking business from traditional car washes. They still offer the typical $14 car wash with hand detailing at the end, at least that's typical for Los Angeles, but there's little demand for those. There's a change in the air. .