Sometimes, you want to get in the fetal position and cry…
I just got a call from a telco offering:
- one year free
- a free smart phone
- if you agree to a 3 year deal, and even then, they will give you the first month free!
Consumer spending must be even more abysmal than anyone could have predicted. I wonder if I still have that tent… everywhere you look, the news is bad or dire.
Car sales are down, “beyond imagination”, in fact:
Speaking at a press conference Friday afternoon, an emotionally-wrought Honda President Takeo Fukui described the slowdown in global auto sales as “beyond imagination”, and said mounting business difficulties in November prompted his decision to exit global racing.
Naturally, who’s going to pay $6 for a coffee crappucino:
[A] poignant moment was when CEO/Founder said one day a few weeks ago the numbers from Florida were so bad he couldn’t believe them. So he got on an airplane and went there. These “neighborhoods” are studded with empty houses, foreclosed signs, half finished developments. The only people in the area are the baristas working in the little Starbucks! He said it looks like a movie lot.
30% of Starbucks’ revenue and profits come from Florida and California.
Nuff said. People are hitting Starbucks next, what better barometer for the decline of the American Empire?
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