Finally all the credit problems are solved.
Oh by the way what day is it today (check when this blog was posted)?
Yesterday I was buying a robotic vacuum cleaner (generation 5 cheaper and more reliable than human housekeeper) at a good rebate in a store that is closing down. Prices on “luxury gadgets” are now coming down, several "luxury gadgets" retail store chains have noticed falling demand, they need to reduce inventory and close some of their doors. Old news but for example Sharper Image are closing half of their 184 stores. I talked with store manager and he told they still had big inventory that had to get out quickly, they will probably soon need to cut prices further (in the stores they have decided to close). Food prices and energy are up and now the price of “luxury gadgets” are dumped. If you ask me this looks like the early fingerprints of Stagflation.
Expect more rainy days! That someone paint the sun on the wall is no guarantee for the sun to come out yet.
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