You know, I regret not posting what I feel and my predictions for the past several months. Sorry.
So, summer is over, people are done spending money.
Here, let me say this. The end of the summer looked good, well of course. people went on vacation, spent money, stocks went up, well of course. Ah, but here comes winter, reality sets in. people are done buying clothes and supplies for school, some people are looking over their credit card bills saying, wow!
This will be the next blow to the financial industry, credit cards.
Being in the airport / taxi business I am not at all surpirised seeing more and more people using credit cards to get to and from the airports, they are running out of cash. Even though I add 20% gratuity and $5, people still want to use satans' plastic.
Holidays are just around the corner, things will pick up a little, but after that, whack! Another blow will come.
I think we will see home prices dip to 1993 levels, I think I posted this before, we will re-adjust.