"'There is now a developing sense that consumers in the UK are becoming 'shopped out'. No matter how cheap the goods, people are beginning to think 'enough is enough'.'"
Why is this not being more fully linked with this?
" house repossessions had hit their highest level since 2001, and personal insolvencies were up 36.5 per cent on a year ago, provided further evidence that some consumers are overstretched."
If you have an economy where people are cleary maxing out their credit and more, then the bubble has to burst sometime. It's a parable of what we're doing on a planetary scale. In fact, more than a parable, since the two things are entangled ideologically.
The Observer | Business | High street sales fall to six-year low: AND http://observer.guardian.co.uk/business/story/0,6903,1543923,00.html
No comments:
Post a Comment