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Headed down?

Publication: Retail Merchandiser
Publication Date: 01-JAN-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Mounting housing industry woes, rising inflation, a collapsing dollar, bears stalking Wall Street while the cost of driving down Main Street skyrockets--it's pretty grim out there these days, isn't it?

Whether the U.S. is headed for a recession (or already in one) is something I will leave to wiser heads than mine. But it doesn't seem likely that the fundamentals underlying the present souring economy are going to change any time soon. The housing mess will take several more years to shake out. Global...

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