I wrote an employment piece a week or so ago. Did anyone read it? I put the employment figures back to pre-MEW times, so the year 2001.
Spending will drop in the categories mentioned in that story I wrote: retail, construction, restaurant. People will cut back at least 75% (a guess) on remodeling, shopping at Home Depot/Ethan Allen, buying new cars, jewelry, boats, ATVs, iPods, clothes, take fewer trips/meals out, and so on.
You listed consumer staples, but those things will not go away. Those are cheap things that everyone needs.
