Bankers Survey Projects Drop in Holiday Retail Sales

[Sherman A1]

OMAHA, Neb. (AP) — More than half of bankers surveyed in rural parts of 10 Plains and Western states are projecting a drop in holiday retail sales this year from last year as the coronavirus pandemic worsens across the country. The Rural Mainstreet Survey's overall index fell to 46.8 in November from October’s 53.2. It's the first time since April that the index has fallen, but it remains well ahead of the 35.5 reading in March, when the index bottomed out as the outbreak began. Any score below 50 suggests a shrinking economy, while a score above 50 suggests a growing economy. Bankers from Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wyoming were surveyed.


https://www.kbia.org/post/bankers-survey-projects-drop-holiday-retail-sales?_ga=2.24911546.1235430519.1605993810-1558381833.1605993809#stream/0

[onecaliberal]

1. Are they too stupid to see the food bank lines?

Have they not read of the millions who can’t pay mortgage/rent?

[Wellstone ruled]

2. Well,the only time Bankers

are not concerned about you or I is,NEVER. They live inside their own bubble.

[Warpy]

3. Uh, yeah, too many people out there are shopping at the food pantry

and trying to avoid being evicted while stalling off the electric and gas companies.

Anybody who's expecting record high sales this year is selling to C level corporate execs and other rip off artists.

[DaniellePasley]

4. I don't like predictions

I don’t know, I still think we need to wait until the end of the year, and not predict now. The situation is very unstable, so everything can change.