Tuesday, August 25, 2009

Retail_H1N1

Retail sales already blow. What happens when the H1N1 Flu virus rears its ugly head in a major way this winter? I sincerely hope that that virus does not touch anyone reading this in a personal way... but the odds of it being a factor in the economy are good. This whole rally has been predicated on an improvement in the rate of decline. Well, foreclosures are getting worse, commercial real estate is getting worse, banks are still black holes (that got to stop marking their toxic 'assets') and unemployment is getting worse. Now, we are about to throw a major viral outbreak into the mix. Merry Christmas retail.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.