We are racing towards a massive recession and the prospect of it not improving for a further 12 months
Petrol prices are rumoured to be rising to $2.50 per litre
Over 1,000,000 households are in mortgage crisis
Consumer sentiment is lower than it was in 1992
Interest rate rises are still a massive possibility
The central banks everywhere are being accused of not knowing what to do
Vietnam is out of control with inflation and the worry is that many emerging economies are following suit
Basic living costs are likely to rise as per the UK and US
There are less planes in the air, fewer cars on the road, and more folk thinking about striking for more pay
Credit card spending has plummeted
Retailers are scared - more sales and the sales season brought forward
There is a race for the dollar in a wallet which is harder to open
What the blazes are the brands doing when they show little or no understnding of how dire the situation is. I dont want to win the holiday of a lifetime. I want someone to take the edge off the cost of living. I want someone to get a new pair of shoes for my 7 year old daughter. I want someone to help me not feel guilty about a trip to the cinema.
I want empathy.
Tuesday, July 01, 2008
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