Retail Sales Drop 1st Time Five Months-Well, DUH! Who CAN AFFORD EXCEPT THE RICH? Somervell County Salon-Glen Rose, Rainbow, Nemo, Glass....Texas


 

Retail Sales Drop 1st Time Five Months-Well, DUH! Who CAN AFFORD EXCEPT THE RICH?
 


13 August 2008 at 9:04:16 AM
salon

All it took was for us to get our electric bill for this month to seriously cut back spending. Between that, gas prices (Peter Stern points out that Texans are spending 6 percent of their income on gas!) and food prices rising, a body would have to be crazy to go run out and spend money on other things instead of cutting back. And now, for families who are spending for back to school, they should spend on OTHER stuff? I think not.

Analysts said the poor showing in July, the last month for bulk mailings of stimulus checks, raised concerns about consumer spending going forward.

"Cautious and uncertain consumers are watching their wallets and with the back-to-school shopping season under way, that does not bode well for retailers," said Joel Naroff, chief economist for Naroff Economic Advisors.

Have to put in a mention about credit cards here. The credit card companies have decided, after THEY screwed up so badly, to sneak up the interest rates on cards, change the due dates in order to perhaps catch the unwary and tack on a service fee, and slow down the balance transfers. Seems to me a lot of foiks are going to be caught in that vise ,.... and again, with all that, they should go shopping? Pah.


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Comments

salon > Quick update on this, via Pacer-Click on pic to see larger (Turk Case Update- Telephone Conference Hearing Set for March 8 2019 )

salon > Lance Been awhile. Send me an email at salon@glenrose.net with the names of who you're talking about, above. Also, the newspaper editor is no longer local, ie officed here, but the paper is run.... (What Happened to Jerry Jacene? )

LanceHall > I'd love to see the Hotel Guest books and see if Jacene's name shows up long before he officially *found* the tracks.  I'd like to know if the Visitor's Bureau has emails wit.... (What Happened to Jerry Jacene? )

LanceHall > I see the land or that part of it is now in the hands of Glen Rose's own Corky Underwood. Is Jacene still involved?   I had already informed the Visitor Bureau manager (who's.... (What Happened to Jerry Jacene? )





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