Word: consumerized
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One of the concerns that economists will have to have is whether some of the effects of consumer spending and corporate investments have slipped into the current quarter. If so, that will have to be added to GDP contraction which is already almost certainly much worse than in Q4. Based...
If the joblessness situation is that grim, the price of homes is likely to be falling even more sharply than last year and more mortgages are headed under water. Default and foreclose rates are bound to jump higher. Consumer confidence, which is already remarkably bad, will be exacerbated by the...
Jamba Juice It's not a great time to sell discretionary items. It's an even worse time to sell very discretionary items. Do you really need that fruit smoothie? Apparently not: Jamba Juice, the fruit-drink chain, lost $108 million in the first 40 weeks of 2008, compared with...
Fuel efficiency plateaued as car companies focused on other gas-guzzling consumer demands
1. Be sad Sadness is terrible because, obviously, it hurts. But as a team of researchers pointed out last year in a study in the journal Psychological Science, sadness can stimulate something this economy badly needs: consumer spending. According to the Department of Commerce, just when the economy was tanking...