Tag Archives: recession

It’s still a recession

While the official prognosticators declared the recession over quite some time ago, yesterday’s retail report confirms for me we are still in a recession. While the great recession of 2009 hammered the high-end as well as the middle retailer, most recessions … Continue reading

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The 12 Days of Christmas

Every year a wealth management firm “prices” the items on the 12 Days of Christmas list. The cost this year for those items is up 11% over last year. Further evidence that the wealthy are back able to buy, per … Continue reading

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The recession has returned to normal

The recession which started at the end of 2008 was different from almost all earlier downturns in that consumers at all income levels cut back spending dramatically. Both high-end stores and mid-range stores lost sales, while the low-end held up for the most part. … Continue reading

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Value is always the name of the game

The San Jose Mercury News ran an article today on opening a business during a recession. The writer did a good job of profiling various businesses, especially retail businesses, that open during a recession and the thinking behind how and why … Continue reading

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Kicking butt in the downturn

W.W. Grainger Inc. last Wednesday reported an 18% drop in second-quarter profit but said it was able to carve out market-share gains even as the economy is showing no signs of a rebound. Apple® announced financial results for its fiscal 2009 third … Continue reading

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Was I wrong, or just premature

I have been surprised that since January 21, the press has not put a more positive spin on the economy. (I did predict that on this blog and even noted that it had appeared to start even before the inauguration.) … Continue reading

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Somebody’s doing something right

Amid the doom and gloom in the auto sector, here comes Audi with record sales for the 13th year in a row.  While Audi is a niche player in the industry (sales above 1M units for the first time), it … Continue reading

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Two weeks early, but it’s starting

The NY Times, as reprinted in the San Jose Mercury News, reported today (for the first time) that there are economists who believe the recession may end early in 2009. If you read the entire article they note that many economists … Continue reading

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A shocker

CBS News reported today that even though the Fed and other government entities have succeeded in getting money back into the economy, consumers aren’t willing to spend it because they are scared. Why are they scared? Because all they hear … Continue reading

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It’s all relative

Headlines yesterday stated that retail sales had “plummeted” 4% over the holiday season. Not quite as bad as the 20% drop that MasterCard allegedly reported the day before. As I said in the immediately prior post, we’ll see how it … Continue reading

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