I haven't felt the inflation/recession issue as much here in San Diego(yet). But I definitely felt the hit to the dollar last week when I was in Spain.
Though, I would say, it seems like some Europeans are as concerned about the economy and concerned about slowdowns there too. There were plenty of sales in nice stores, but even with those discounts, the dollar's so weak, there wasn't much incentive to buy out there….
One thing though. Just by looking I could definitely tell which people were locals and which people were american tourists.. 🙂
I do though sense more caution among my own sphere of friends. I myself am buttoning down a bit, in anticipating of more economic issues here.
