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Related: Culture Forums, Support ForumsDuers I gotta tell ya.
Ive been a small retailer in Los Angeles for over 25 yrs.. I have never seen such a retail consumer malaise since 2007!
Im in a upscale area with at least 30 movie theaters (3 complexes) within walking distance.. The street i am located on is very close to the movie theaters, has a total of at least 25 restaurants spread across 4 blocks..Most are very good..but the fact remains that ever since Trump was elected, business sucks!
gopiscrap
(23,761 posts)or is the economy going in the shitter again
AJT
(5,240 posts)also be because of Drumf.
busterbrown
(8,515 posts)Trump depression is huge.. Yes people are still hitting movies at the same pace, but like 2007 retail stores are getting hiy hard.. Speciality Stores aka Boutiques are the first sign of economic woes.. Trust Me...And I have specialized boutique business geared to the Studio business....and it hasnt been this dead than 2007.
busterbrown
(8,515 posts)This is all on Trump.. People in Blue areas are really depressed right now.. Emotionally drained...And the Hispanic Population in my area which shop the discount shops... Ross, Marshalls, etc.. plus fast food establishments, corner Bodega shops are frighten to walk the streets.. Just fucking awful..All of it.. The economy chain in my area has been broken!!!
dixiegrrrrl
(60,010 posts)And more real to me than any "official" read on the economy.
ffr
(22,670 posts)No major purchases planned, may sell my house and rent. I fear another 2007 - 2008 Republican recession is on the horizon.
safeinOhio
(32,685 posts)stocks to cash.
I've missed some gains, but better safe than sorry.
When it falls apart, it'll happen fast.
busterbrown
(8,515 posts)My entire port folio safe except for maybe 20%..Funny..a strong nordic fund did extremely well for me for 20 yrs..Nothing for the past 3 years..Dropped 5 points and now just sitting around the same number.. High was 50 bought it at around 20
Think Russias aggression and perhaps Brexit? who knows better safe than sorry"
Charles Bukowski
(1,132 posts)hit with Dump in office.
I personally haven't noticed a decline in Pasadena (where I own a small restaurant) YET, but ever since November 8th, there's a palpable sense of unease in the air.
A Dump-fueled recession is inevitable IMO.
busterbrown
(8,515 posts)Restaurants come next.. In fact Restaurants are the last to feel the pinch because people still want/need to socialize..basically they need to get out of the house...
LenaBaby61
(6,974 posts)However ...
All of us have read about and have all discussed how "GREAT" the stock market seemed it was just BEFORE the Great Depression his this nation (Herbert Hoover (R)). We already know that tRumputin's burning down the GOP's play house day by day, but he's also destroying the stock market as well.
Secondly, I know several quite wealthy people and ALL of them are tightening their belts, and trust me when I say that they can afford to "spend" a bit but with tRumputin in the Orange House, who they all despise, they're not taking any chances with their monies at this time.
Warpy
(111,267 posts)but everybody else realizes there will be no help for the larger economy until and unless the Republicans are turned out of Congress in 2018, and probably not much after then.
We're just going to have to fend for ourselves for the next few years until they're gone and adults are back in charge. People are sensing this even if they can't articulate it, so debt is being paid down and tax refunds are going into the bank.
Republicans have been only too competent at crashing the economy for people to be confident enough to spend.