Wednesday, September 9, 2009

our WREAKcovery

Yesterday, I went by a used car lot, and over half the lot was empty. The salesmen seem eager to sell, but there are few visitors. Debunkers claim that all is fine and we are in a recovery. Perhaps they mean WREAKcovery. Well, sales figures are way down for many companies. For example, Zale that high end jewelry chain reports a loss 72 cents this quarter compared to last year's 48 cent loss. Talbots reports this year it will lose 52 cents versus last year's negative of only 34 cents.

Instead of things getting better that are still steadily getting worse. Sales are in decline and few realize how bad things are. People we have a very real problem on our case. It is more than cars, handbags, or expensive jewelry. In fact, the whole world economy is going down. Welcome to our WREAKcovery.

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