11-13-2008, 08:11 AM
<!--QuoteBegin-shamu+Nov 13 2008, 05:32 AM-->QUOTE(shamu @ Nov 13 2008, 05:32 AM)<!--QuoteEBegin-->Why do retailers post deep losses now, without waiting for holiday season to be over?
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They had bad X-mas- 2007. They are unable to recover during summer. Bush May check did little because of high gas price. As expected coming holiday season will be weakest since 1974, so stores are closing now and filing for chapter 11 to cover themselves. It will help companies to re-negotiate contracts with better deals. Some may recover. Donât forget after 9/11 Middle East, Europe and China heavily invested in US, which triggered housing boom and connected industries e.g furniture store, clothing, electronic etc. There was over expansion. Now they are closing very fast but I think within two years it may come back to middle path, but it depends on Obama policy.
It is a correction but very aggressive.
Just today it cost $18 less to fill my car gas tank. This money will go for eating out or for some pending shopping.
West coast will recover fast, we are already seeing.
[right][snapback]90069[/snapback][/right]<!--QuoteEnd--><!--QuoteEEnd-->
They had bad X-mas- 2007. They are unable to recover during summer. Bush May check did little because of high gas price. As expected coming holiday season will be weakest since 1974, so stores are closing now and filing for chapter 11 to cover themselves. It will help companies to re-negotiate contracts with better deals. Some may recover. Donât forget after 9/11 Middle East, Europe and China heavily invested in US, which triggered housing boom and connected industries e.g furniture store, clothing, electronic etc. There was over expansion. Now they are closing very fast but I think within two years it may come back to middle path, but it depends on Obama policy.
It is a correction but very aggressive.
Just today it cost $18 less to fill my car gas tank. This money will go for eating out or for some pending shopping.
West coast will recover fast, we are already seeing.