Tuesday, July 29, 2008

Walking on Main Street - slightly worrying

I have had occasion to walk several main streets and shopping malls in the Los Angeles metro area the past few days.I notice that parking is much easier than it used to be, and that stores are quite empty. Perhaps this is because people are at the beach, but given the number of empty retail spaces, and the lack of crowds even at Universal City Walk, I sense an economic slowdown at work. Lots of Sales, but few people shopping.

We are heading into an election with an ongoing set of issues which must be worrying people.Real incomes are not climbing, but costs - gas, utilities, health insurance - very much so. This has to impact what any business person does over the next twelve months.

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