Monday, May 18, 2009

Green Shoots ? my aunt !

"The Worst Is Yet to Come": If You're Not Petrified, You're Not Paying Attention

From a US perspective........... The green shoots story took a bit of hit this week between data on April retail sales, weekly jobless claims and foreclosures. But the whole concept of the economy finding its footing was "preposterous" to begin with, says Howard Davidowitz, chairman of Davidowitz & Associates. "We're in a complete mess and the consumer is smart enough to know it," says Davidowitz, whose firm does consulting for the retail industry. "If the consumer isn't petrified, he or she is a damn fool."

Posted by tudorian @ 03:20 PM (631 views)
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