Wednesday, Nov 28, 2007
Economy on the rocks as discretionary spending tumbles
Telegraph: Rough ride ahead as Winnebago in downturn
"Forget inflation and the manufacturing figures. Buying a motor home is seen as the ultimate discretionary item, and over the past three decades, declines have always heralded a rapid slowdown in the US economy. Now Winnebago is expected to post a decline in sales this year for the first time in six years."
Also scroll to the end: "Other recession signals: In New York, you can measure the economy by the size of the buildings. More skyscrapers mean economic hardship ahead. The Empire State and Chrysler buildings were both completed in 1931 at the height of the Great Depression after being commissioned during a boom."
Hmmm, isn't somebody building a giant Shard of Glass in central London? It'll be ready just in time for the coming depression!
1 Comment
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1. uncle tom said...
"Hmmm, isn't somebody building a giant Shard of Glass in central London?"
Last I heard was that the site clearance is nearing completion, but the finance to start building has run aground...