Home › Forums › Financial Markets/Economics › Lipstick indicator ?
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kewp.
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January 20, 2008 at 1:21 PM #11568January 20, 2008 at 1:37 PM #139443
kewp
ParticipantI seem to remember that, historically, entertainment products do well in recession/depressions. Lots of unemployed folks looking for a cheap way to pass the time.
January 20, 2008 at 1:37 PM #139536kewp
ParticipantI seem to remember that, historically, entertainment products do well in recession/depressions. Lots of unemployed folks looking for a cheap way to pass the time.
January 20, 2008 at 1:37 PM #139492kewp
ParticipantI seem to remember that, historically, entertainment products do well in recession/depressions. Lots of unemployed folks looking for a cheap way to pass the time.
January 20, 2008 at 1:37 PM #139464kewp
ParticipantI seem to remember that, historically, entertainment products do well in recession/depressions. Lots of unemployed folks looking for a cheap way to pass the time.
January 20, 2008 at 1:37 PM #139229kewp
ParticipantI seem to remember that, historically, entertainment products do well in recession/depressions. Lots of unemployed folks looking for a cheap way to pass the time.
January 20, 2008 at 1:45 PM #139546Allan from Fallbrook
Participantkaycee: According to an article in the WSJ this week, this is the worst period for retailers in five years.
I was at North County Fair two weeks ago. Foot traffic seemed okay, but every single store we walked past had Clearance Sale or Final Sale or Going out of Business Sale signs in the windows.
January 20, 2008 at 1:45 PM #139453Allan from Fallbrook
Participantkaycee: According to an article in the WSJ this week, this is the worst period for retailers in five years.
I was at North County Fair two weeks ago. Foot traffic seemed okay, but every single store we walked past had Clearance Sale or Final Sale or Going out of Business Sale signs in the windows.
January 20, 2008 at 1:45 PM #139475Allan from Fallbrook
Participantkaycee: According to an article in the WSJ this week, this is the worst period for retailers in five years.
I was at North County Fair two weeks ago. Foot traffic seemed okay, but every single store we walked past had Clearance Sale or Final Sale or Going out of Business Sale signs in the windows.
January 20, 2008 at 1:45 PM #139240Allan from Fallbrook
Participantkaycee: According to an article in the WSJ this week, this is the worst period for retailers in five years.
I was at North County Fair two weeks ago. Foot traffic seemed okay, but every single store we walked past had Clearance Sale or Final Sale or Going out of Business Sale signs in the windows.
January 20, 2008 at 1:45 PM #139502Allan from Fallbrook
Participantkaycee: According to an article in the WSJ this week, this is the worst period for retailers in five years.
I was at North County Fair two weeks ago. Foot traffic seemed okay, but every single store we walked past had Clearance Sale or Final Sale or Going out of Business Sale signs in the windows.
January 20, 2008 at 2:52 PM #139561TheBreeze
ParticipantThis brings to mind kind of a related issue. How will all the peeps with real-estate related jobs show up in the unemployment figures? For instance, if a real estate agent hasn’t made a sale in 10 months or a mortgage broker hasn’t closed a deal since last summer, they won’t show up on the unemployment rolls with they? A lot of these folks may have already gotten second jobs that pay much less than what they were making during the boom. In that case, would they ever show up in the unemployment figures? I’m guessing not.
Since this is a real-estate related downturn, I expect that the unemployment figures won’t give an accurate picture of this economic slowdown/recession. Instead, average income will likely provide a more accurate depiction.
January 20, 2008 at 2:52 PM #139255TheBreeze
ParticipantThis brings to mind kind of a related issue. How will all the peeps with real-estate related jobs show up in the unemployment figures? For instance, if a real estate agent hasn’t made a sale in 10 months or a mortgage broker hasn’t closed a deal since last summer, they won’t show up on the unemployment rolls with they? A lot of these folks may have already gotten second jobs that pay much less than what they were making during the boom. In that case, would they ever show up in the unemployment figures? I’m guessing not.
Since this is a real-estate related downturn, I expect that the unemployment figures won’t give an accurate picture of this economic slowdown/recession. Instead, average income will likely provide a more accurate depiction.
January 20, 2008 at 2:52 PM #139468TheBreeze
ParticipantThis brings to mind kind of a related issue. How will all the peeps with real-estate related jobs show up in the unemployment figures? For instance, if a real estate agent hasn’t made a sale in 10 months or a mortgage broker hasn’t closed a deal since last summer, they won’t show up on the unemployment rolls with they? A lot of these folks may have already gotten second jobs that pay much less than what they were making during the boom. In that case, would they ever show up in the unemployment figures? I’m guessing not.
Since this is a real-estate related downturn, I expect that the unemployment figures won’t give an accurate picture of this economic slowdown/recession. Instead, average income will likely provide a more accurate depiction.
January 20, 2008 at 2:52 PM #139490TheBreeze
ParticipantThis brings to mind kind of a related issue. How will all the peeps with real-estate related jobs show up in the unemployment figures? For instance, if a real estate agent hasn’t made a sale in 10 months or a mortgage broker hasn’t closed a deal since last summer, they won’t show up on the unemployment rolls with they? A lot of these folks may have already gotten second jobs that pay much less than what they were making during the boom. In that case, would they ever show up in the unemployment figures? I’m guessing not.
Since this is a real-estate related downturn, I expect that the unemployment figures won’t give an accurate picture of this economic slowdown/recession. Instead, average income will likely provide a more accurate depiction.
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