If you didn’t see this coming, I have no idea where your head has been stuck up for the last few years. I guess Great Economic Minds and corporate types just don’t mingle enough with us Po Folk. Too bad they supported Republican policies that killed the middle class golden consumerist goose:
By Martinne GellerNEW YORK (Reuters) - U.S. chain stores, reeling from the slowest holiday shopping season in five years, got some more bad news on Sunday: 2008 will not be any better and could see changes that may shift the retail playing field forever.
As the National Retail Federation kicked off its annual convention in New York, two retail consultants offered negative outlooks for the U.S. retail industry, which has seen consumers pull back amid higher gasoline and food prices, a credit crunch and a prolonged housing market decline.
“It’s anarchy,” said Wendy Liebmann, chief executive of WSL Strategic Retail, frequently repeating the word she used to sum up the latest results of her company’s bi-annual shopper study. Read more









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