Thursday, June 26, 2008
Day 3 of the recession
Dinned last night in a family restaurant around 6.30pm to 8pm, Wednesday night cold and windy, the place was packed. We need to be careful folks that we do not convince ourselves that we are in recession. The building and house business have gone into freefall, just an adjustment, but the fundamentals are strong, Let us not panic but continue to shop in a circumspect manor. Indication are that June has been a better month than May and hopefully the Summer sales will carry forward consumer confidence. August and September will be quiet, I am prediction a good Christmas. People will be so tired of restraint by then that they will give it one last fling.
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