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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