Economic slowdown?

I’m not an economist.

 Still, all this talk of an economic slowdown is quite perplexing. I just returned from Costco and Circuit City. Circuit City received a shipment of 34 Wiis this moring. They opened at 10:00 a.m. and by 10:30 they were gone according to a store clerk. The woman in front of me at Costco purchased $291 worth of quesadillas, Diet Coke and peanut butter among other household goods. What constitutes an economic slow down? It may be that Americans are spending less on what they can’t afford and more on what they need. My experience today would contradict that…as people seemingly are spending money at random on everything they still want.  I don’t think the majority of Americans are somehow making less money. I have yet to speak to anybody who has taken a pay cut at a job. We still drive just as much with $3 gas and nobody I know has said they’re going to stop spending money because of a recession.

Holy shit that was a boring ass entry.

Comments

  1. Trey says:

    1) Most political journalists are economic illiterates
    2) Most economic columnists are (e.g. Paul Krugman) are economic illiterates
    3) It’s an election year
    4) A pol has to have a problem to solve to give people a reason to vote for him/her/it
    5) In absence of a problem, a perception of one does the same thing
    6) Some related and unrelated market corrections qualify for (5)

    1+2+3+4+5+6 = EVERYBODY PANIC!!! (This message approved by the committee to elect McClintama.