8/10/11

The ambulatory are spending

Flash Crash: Markets No Longer Reflect Economic Reality - The Daily Beast: "Ad revenue and theme parks don’t see those trends unless domestic consumers are spending money; companies don’t increase advertising budgets on slumping sales, and theme parks don’t fill with bodies if people can’t spend."

It all depends where you look. Most urban lively areas are as lively as ever if not more so.

My guess is it is big ticket items like cars and houses that will account for a continued "recession". They are being toasted by progress.

The market will move toward a randomized effort to make do in a social milieu that is becoming more and more iffy.

Shall we go to London now? I don't think so?

How about the Phoenix airport?

And so forth.

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