HappySqurriel on 11 July 2009
| Avinash_Tyagi said: Well we'll just have to wait and see then won't we. Because things like LCD sales and blu-ray and video games and other stuff that aren't essentials are still going, a little depressed, but not a collapse, sales at specialty and gourmet and upscale locations hasn't died out, yes things are despressed, as is expected in the recession, but it isn't a meltdown at the moment. Leading indicators tend to be a composite, which is why I put a little more stock in them, now you're right its not enough on its own, that is why I didn't say that its certain the recession is over, i'm just saying I believe it will be over next year, I may be wrong, it has happened on occaision. |
Entertainment is a necessity and inexpensive forms of entertainment, like television, moives, music and videogames tend to thrive in economic downturns because people invest their "Savings" from other areas (not buying a new car, not going on vacation, not eating out, etc) to make them feel better about saving money ... Beyond that, I still see people spending money myself but it is entirely sale driven. When companies are regularly offering items at sale prices that were (typically) reserved for a couple of seasonal sales a year (40% to 60% off), and sales are still down, it should be a fairly good indicator that the economy is in poor condition.
