business suffers – Piggington's Econo-Almanac

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May 19, 2011 at 12:37 PM #18815

Echoooo
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anyone noticed the for lease sign is everywhere? not only small businesses are closing down, big chains, like Mervyn’s, borders (at Carmel Mountain) and Dixieline (at Poway) are all gone. It is scary when I went to the plaza at poway and community road and saw half of the businesses are gone. Just look at those empty parking lots. Is economy really heading North?

May 19, 2011 at 1:34 PM #696902

GH
Participant

The current business environment is dismal.

May 19, 2011 at 1:34 PM #696990

GH
Participant

The current business environment is dismal.

May 19, 2011 at 1:34 PM #697587

GH
Participant

The current business environment is dismal.

May 19, 2011 at 1:34 PM #697734

GH
Participant

The current business environment is dismal.

May 19, 2011 at 1:34 PM #698089

GH
Participant

The current business environment is dismal.

May 19, 2011 at 1:43 PM #696907

Coronita
Participant

I think it depends on what your looking at.

BMW and Audi sales are hitting record highs for instance and high end stores are doing well too.

I don’t think the economy is doing well in general, but there are pockets of where it’s not doing badly.

Tech gadgets are another thing that seems to being so far still finding buyers…

May 19, 2011 at 1:43 PM #696995

Coronita
Participant

I think it depends on what your looking at.

BMW and Audi sales are hitting record highs for instance and high end stores are doing well too.

I don’t think the economy is doing well in general, but there are pockets of where it’s not doing badly.

Tech gadgets are another thing that seems to being so far still finding buyers…

May 19, 2011 at 1:43 PM #697592

Coronita
Participant

I think it depends on what your looking at.

BMW and Audi sales are hitting record highs for instance and high end stores are doing well too.

I don’t think the economy is doing well in general, but there are pockets of where it’s not doing badly.

Tech gadgets are another thing that seems to being so far still finding buyers…

May 19, 2011 at 1:43 PM #697739

Coronita
Participant

I think it depends on what your looking at.

BMW and Audi sales are hitting record highs for instance and high end stores are doing well too.

I don’t think the economy is doing well in general, but there are pockets of where it’s not doing badly.

Tech gadgets are another thing that seems to being so far still finding buyers…

May 19, 2011 at 1:43 PM #698094

Coronita
Participant

I think it depends on what your looking at.

BMW and Audi sales are hitting record highs for instance and high end stores are doing well too.

I don’t think the economy is doing well in general, but there are pockets of where it’s not doing badly.

Tech gadgets are another thing that seems to being so far still finding buyers…

May 19, 2011 at 1:52 PM #696917

EconProf
Participant

The latter stages of a recession are often the toughest–when everyone’s reserves are depleted, the credit cards are maxed out, and people and businesses are throwing in the towel. Add to that that this is the weakest “recovery” on record, and lots of vacant commercial (and housing) vacancies is not a surprise.
I just drove through several midwest states, and the situation is far different. Few downtown vacancies, rents strong, low unemployment rates, and some building still going on. Remember that CA unemployment rate is second highest in the nation, below only Nevada, since even Michigan is recovering faster than CA.
An attorney relative of mine negotiates for building contractors in MN and North Dakota. ND cannot get enough workers, with the country’s lowest U. rate, below 4%. McDonald’s has to pay over $12/hour.
Of course, these are natural resource states with sane governments, low taxes, and a more business-friendly atmosphere than CA.

May 19, 2011 at 1:52 PM #697005

EconProf
Participant

The latter stages of a recession are often the toughest–when everyone’s reserves are depleted, the credit cards are maxed out, and people and businesses are throwing in the towel. Add to that that this is the weakest “recovery” on record, and lots of vacant commercial (and housing) vacancies is not a surprise.
I just drove through several midwest states, and the situation is far different. Few downtown vacancies, rents strong, low unemployment rates, and some building still going on. Remember that CA unemployment rate is second highest in the nation, below only Nevada, since even Michigan is recovering faster than CA.
An attorney relative of mine negotiates for building contractors in MN and North Dakota. ND cannot get enough workers, with the country’s lowest U. rate, below 4%. McDonald’s has to pay over $12/hour.
Of course, these are natural resource states with sane governments, low taxes, and a more business-friendly atmosphere than CA.

May 19, 2011 at 1:52 PM #697602

EconProf
Participant

The latter stages of a recession are often the toughest–when everyone’s reserves are depleted, the credit cards are maxed out, and people and businesses are throwing in the towel. Add to that that this is the weakest “recovery” on record, and lots of vacant commercial (and housing) vacancies is not a surprise.
I just drove through several midwest states, and the situation is far different. Few downtown vacancies, rents strong, low unemployment rates, and some building still going on. Remember that CA unemployment rate is second highest in the nation, below only Nevada, since even Michigan is recovering faster than CA.
An attorney relative of mine negotiates for building contractors in MN and North Dakota. ND cannot get enough workers, with the country’s lowest U. rate, below 4%. McDonald’s has to pay over $12/hour.
Of course, these are natural resource states with sane governments, low taxes, and a more business-friendly atmosphere than CA.

May 19, 2011 at 1:52 PM #697749

EconProf
Participant

The latter stages of a recession are often the toughest–when everyone’s reserves are depleted, the credit cards are maxed out, and people and businesses are throwing in the towel. Add to that that this is the weakest “recovery” on record, and lots of vacant commercial (and housing) vacancies is not a surprise.
I just drove through several midwest states, and the situation is far different. Few downtown vacancies, rents strong, low unemployment rates, and some building still going on. Remember that CA unemployment rate is second highest in the nation, below only Nevada, since even Michigan is recovering faster than CA.
An attorney relative of mine negotiates for building contractors in MN and North Dakota. ND cannot get enough workers, with the country’s lowest U. rate, below 4%. McDonald’s has to pay over $12/hour.
Of course, these are natural resource states with sane governments, low taxes, and a more business-friendly atmosphere than CA.
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