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

To: orkrious who wrote (72201)	10/17/2006 2:05:33 PM
From: UncleBigs	Read Replies (2) \| Respond to of 110194

I hope you're right, Ork but I would caution you not to extrapolate your personal experience to the entire country. US manufacturing is taking a real beating, especially the auto industry. I can't think of anything worse in our economy today. However, the consumer is spending like there is no tomorrow. I admittedly don't understand it. They are spending on fancy clothes, video games, vacations, upscale cars, furniture, remodeling and on and on. There is absolutely no fear about the future. I've thought housing would pull everything down into the abyss and it might at some point. I don't see it happening anytime soon.

To: orkrious who wrote (72201)	10/17/2006 2:24:43 PM
From: MoneyPenny	Read Replies (1) \| Respond to of 110194

What is the traffic like at Somerset Mall (I can't bring myself to call it the Somerset Collection)? I would think it is a bellweather for affluent Oakland Co. MP

To: orkrious who wrote (72201)	10/17/2006 3:13:37 PM
From: Logain Ablar	Read Replies (1) \| Respond to of 110194

orkrious: I think your area is being driven by the woe's of the auto sector and its impact on employment, wages and related tax revenues. This also happened in the 70's as well when the workers moved in mass to the sun belt due mostly to the oil spike and two recessions. In the 70's oil and oil related industries boomed to suck up some of the unemployment, financial services as well. In New England the pain is still below the radar (its there, especially for those who are over extened in their homes and wage growth hasn't bailed them out).