Looks like our “global retraction”, “great recession”, “market correction”, what ever you want to call it, is going to be persistent through the whole of 2010 and into 2011, according to the Federal Reserve Bank of Dallas President Richard Fisher. He relates that 2010 and perhaps 2011 will have below average growth and unemployment will be an issue, albeit, not a huge issue. Meanwhile, Richmond Fed President Jeffery Lacker says that US consumer spending should rise at a “modest” pace in the next few months. Discouraging…
Toll Brothers Inc., one of the nation’s leading home builders has reported orders for new homes are above the levels of two years ago. Encouraging…
….Our store (Damon's) location has seen a good up-tic in foot traffic in the last 6 weeks. People have a pent-up demand for products. The average consumer has realized that the sky isn’t falling and there will be a tomorrow. Positive...
We had a customer that we quoted a job for, and after our normal follow up, we found out the customer was going to buy (not the same thing, but something similar) on the internet, and this was a sales rep that was calling on us. If you do business with us, we do business with you. Guess who just lost some residual business? Negative…