I went into Home Depot (to buy an air conditioner)… They were sold out… And the place was a ghost town.
Last week I went into a Home Depot Expo…. COMPLETELY EMPTY. There were about 7 cars in the parking lot.
I went to WalMart for the first time in my life. Also no Air Conditioners. Few people – and no one in the cafe area.
The spigot is still on – but people are maxing out their cards. The cards are going up in interest rates. As the job creation falls off and more and more layoffs occur it’s going to get ugly.
