Retailers that may no longer exist in 2009

Originally Posted by Blueface

Scary.

http://finance.yahoo.com/family-home...t-Shop-in-2009

It is the market correcting itself. And it is about time...prices have become far to inflated.

[kaisersozei]

Originally Posted by Tombstone

It is the market correcting itself. And it is about time...prices have become far to inflated.

Not only that, but perhaps this will help shift our focus from being a nation of consumers to a nation of producers--producers of things that people actually want to buy, and at prices they can afford. Who really needs a $300 pair of sunglasses or an $850 purse or a $4 cup of freaking coffee? It might fit someone's desires or lifestyle, but not if that someone is only making $25k/year.

Originally Posted by kaisersozei

Not only that, but perhaps this will help shift our focus from being a nation of consumers to a nation of producers--producers of things that people actually want to buy, and at prices they can afford. Who really needs a $300 pair of sunglasses or an $850 purse or a $4 cup of freaking coffee? It might fit someone's desires or lifestyle, but not if that someone is only making $25k/year.

We have way too many people wanting to act like celebrities while they are only making 30k a year. Be responsible with your money.

[white_s2k]

Originally Posted by Tombstone

We have way too many people wanting to act like celebrities while they are only making 30k a year. Be responsible with your money.

$30k millionaires

Originally Posted by white_s2k

$30k millionaires

Yup it's a bigger problem then then the news states. I'm sure you've all seen the help I'm in 200k debt shows (not house) guess what? There is one on your block, maybe it's you even.

That's not just the crazy guest on the show, you have them over for dinner. They are all over.

About the shut downs, just like it was "cool" to go in debt now it's "cool" to be poor. We had a study done of people who've had a 4-5% raise in the past year and considered them self "wealthy" on a 5-7% (or less in some cases) increase cost of living they are talking about "making ends meet" etc. I would suspect even with the turn down things won't be as bad as predicted. Not that it's smooth sailing.

I really wish I didn't loan my paper to class mate for our project or id cite it more, IIRC Uni Of Penn did the study.

What amazes me being college age is you see cut backs but stupid ones. Yea I don't get star bucks every morning, but I still have a new car. I made a pretty fair salary for a grad student, I know classmates making a lot less with nice new cars, even odder being a high % of us take the train.

Wow, I rambled a bit didn't I?