It seems that the soft patch on Main Street is becoming an oil slick!
Last week, on Thursday at about 9:30AM, the AMERICAN CONSUMER snapped
into the pre-natal position and quit spending! Honest! That's when
everyone noticed that gas prices jumped 20 cents. OVERNITE!
Why a retail collapse?
Well, the THREE G's is my theory.
GREENSPAN, GAS, AND THE GOOFBALL!
GREENSPAN has made it clear that rates are going up; no matter what.
And, for Greenspan the "what" is usually the health of his "Buds'"
option packages on Wall Street. Most of Mr G's Buds have now "cashed out" and bought bonds!
That's really what the ultra low rates were all about....little or
none of it actuallly trickled down to Main Street, or the wage
slaves
Poverty is soaring mightily. And many people are now
becoming "volutarily homeless." (More on this SHOCKING "Economic
Phenom" later... Stay tuned.)
And saddly, the sudden spike in GAS PRICES is having an "down for the
count" effect on many consumers. A lot of people are not driving.
A lot of consumers are giving up on gas, and just adjusting their
total spending DOWNWARD, accordingly.
And that means, MOST are not shopping as much. Alas, these two
activities, driving and shopping, seem "hand and glove" in many
markets.
I'll be watching those retail sales numbers closely, and you should
too. GAS IS A PAIN IN THE ASS, (NEAR THE WALLET), FOR NEARLY
EVERYONE. And it's starting to bite HARD on Main Street Shopping.
LOOK FOR A VERY "CATATONIC CHRISTMAS" THIS YEAR! More later.....
Last, but not least, is THE GOOFBALL!
As in George W. "He-who-keeps-us-safe" Bush! a/k/a THE GOOFBALL.
A Dubya re-election is starting to have an AURA OF INEVITABILITY!
That means four more years of TERROR ALERTS, FEAR-MONGERING, NEW WARS
IN IRAN AND SYRIA, HIGH DEFICITS, AND OPEN ENDED GREED AND ECONOMIC
LOOTING BY THE REPUBLICAN ELITES.
Why? Well, because "He-who-keeps-us-safe" wants it that way.
CLEARLY, THE RE-ELECTION OF BUSH WILL NOT BE GOOD FOR ORDINARY
WORKERS IN THE US, AND EVEN THE "RICH" WILL SUFFER BECAUSE OF
THE "NEW WARS," DEFICIT SPENDING, DECLINING DOLLAR,
RISING INTEREST RATES, AND "NEW" OIL PRICES AT $50 PLUS.
Worse yet, I think that many people realize that if Dubya is re-
elected THERE WILL BE ANOTHER 911 IN THE US. Gauranteed.
Dubya is the leader that everyone loves to hate, at least outside the
Bible Belt. Dubya's second term will be like a lightening rod for
new terrorism. And, of course, we are "over-due" to hear from Osama,
etal again.
DUBYA'S REELECTION WILL DRAW A RESPONSE FROM ISLAMIC TERRORISTS TO BE
SURE. Both Osama and Dubya are really dependant on "keeping the
terror ball rolling" at this point. Dubya's entire re-election
campaign has been a sick political version of FEAR FACTOR!
N.B.----
THE AMERICAN CONSUMER WILL PULL BACK DRASTICALLY ONCE DUBYA IS RE-
ELECTED, AND ANY PROSPECT FOR CONSTRUCTIVE CHANGE IS DELAYED OR
DENIED FOR "FOUR MORE YEARS."
CAN YOU THINK OF ANYTHING MORE "ECONOMICALLY DEPRESSING" THAN THE
FEELING PEOPLE WILL HAVE THE MORNING AFTER DUBYA IS RE-ELECTED?
I CAN'T! AND I'VE TRIED.....
A RETAIL SPENDING COLLAPSE LOOMS BECAUSE OF THE THREE G's!
GREENSPAN, GAS AND OUR BELOVED "GOOFBALL" PRESIDENT!
