Like the illusion of Wall Street, with its vast and powerful investment banks, now shuttered, China too is an illusion perpetuated by the Globalists that gave us the 15,000 mile Caesar salad, poisoned cat food and lead based paint on babies' pacifiers. Like the illusion that money would come from thin air to always push housing prices higher, China has spent a generation pursuing its illusion. Pursuing an unattainable dream to be like the West, while 6000 years of its carefully shepherded top soil blows into the sea.
Posted: Tue Aug 12, 2008 2:08 pm Post subject: Re: Store Closings.....
These all closed last week
Shamrock Coffee House
Cinnabar Coffee House
Shangrila mongolian grille
Little ol shop _________________ Tired of high gas prices? Then stop driving to work, duh..... Learn to Work from home
Posted: Sat Aug 16, 2008 3:56 pm Post subject: Re: Store Closings.....
What about store openings?? Took the family for a day out to Liverpool yesterday, by train as its convenient (and you dont get your wheels nicked !!).
Went to the brilliant free city museum, then had a look at the new multi billion pound shopping centre, Liverpool One. Most stores open, rest being fitted out. Manic building activity there. A superbly designed one too, with green open space. Plenty of people carrying bags, so obviously shopping. Liverpool is supposed to be a down and out city, according to many. It isnt, just go & see. No recession in Liverpool just yet.
Posted: Sat Aug 16, 2008 4:33 pm Post subject: Re: Store Closings.....
What I am having trouble with right now is lagging statistics.
I observe stores closing. I read in the news about entire chains closing their doors. I read about Investment Banking firms laying off thousands of financial services workers to try to keep their balance sheets in order.
Somehow however through all of this the Unemployment Rate is only up to 5.7%? Are these folks just losing their jobs and not applying for benefits? What?
We live in what is basically a service economy, but about all services are shrinking quickly. Restaurants, Malls, Department Stores, Newspapers, every last one reports closures and layoffs, but somehow the Unemployment figure is only 5.7%? These folks are finding other jobs? Doing WHAT?
OK, I will buy that the Labor Dept is fudging figures much like the Consumer Price Indexed is fudged to make it all seem "normal", but at what point do all the unemployed Mall Workers actaully APPEAR, either in the stats or in the streets? How long does it take before the newspapers report that there are a ton of folks out there without jobs? Or maybe the newspapers can't report it because their reporters are layed off and they just dish out stories from government propagandists?
Joined: Sep 04, 2005 Posts: 446 Location: central MA, USA
Posted: Sat Aug 16, 2008 5:15 pm Post subject: Re: Store Closings.....
ReverseEngineer wrote:
Somehow however through all of this the Unemployment Rate is only up to 5.7%? Are these folks just losing their jobs and not applying for benefits? What?
You're not "unemployed" if you've given up looking for work.
You're not "unemployed" if you're only working part-time.
You're not "unemployed" if you lost a good job with benefits, and had to take a crappier one without benefits (or two crappy part-time ones).
The official unemployment statistics should be taken with large grains of salt. Like, this large:
--Steve
Posted: Sat Aug 16, 2008 10:47 pm Post subject: Re: Store Closings.....
BTW, just because a person is "employed", doesn't mean they like their job. Chances are, underpaid, overworked doing a lousy crappy job. Think:
ditch digging
shoveling crap
janitorial
slaughterhouse
mindless office drone
Walmart Greeter
Joined: Jun 02, 2008 Posts: 560 Location: Someplace where the sun does not shine
Posted: Sun Aug 17, 2008 10:17 am Post subject: Re: Store Closings.....
Roofing!
When I see all the folks putting new roofs on houses, out in the 90 to 100+ sun all day long, I just cringe. Skin cancer seems to be in their immediate future.
SEE YA!
Serial_Worrier wrote:
BTW, just because a person is "employed", doesn't mean they like their job. Chances are, underpaid, overworked doing a lousy crappy job. Think:
ditch digging
shoveling crap
janitorial
slaughterhouse
mindless office drone
Walmart Greeter
Posted: Mon Aug 18, 2008 11:41 am Post subject: Re: Store Closings.....
satchels in downtown boise set to close next week.
GASMON wrote:
What about store openings?? Took the family for a day out to Liverpool yesterday, by train as its convenient (and you dont get your wheels nicked !!).
Went to the brilliant free city museum, then had a look at the new multi billion pound shopping centre, Liverpool One. Most stores open, rest being fitted out. Manic building activity there. A superbly designed one too, with green open space. Plenty of people carrying bags, so obviously shopping. Liverpool is supposed to be a down and out city, according to many. It isnt, just go & see. No recession in Liverpool just yet.
I can explain this....
When you plan to open a business, you get your business plan in line, then go to the banks and ask for money, then design the building to be constructed, then get permits, then start construction, then construction finishes, then you stock and open the store.
The whole process can take anywhere from 6 months to 2 years...
The stores you are seeing open right now probably received their loans a year ago or more, before the decline or slightly during.
I work as an HVAC and plumbing systems designer.... I can tell you, that we have slowed down, there are not as many stores being constructed as last year, not even close. _________________ Tired of high gas prices? Then stop driving to work, duh..... Learn to Work from home
Posted: Mon Aug 18, 2008 11:44 am Post subject: Re: Store Closings.....
Oh and Mervyns will close 26 stores before the holidays
boise cascade set to close 40 stores(office max) nationwide.... _________________ Tired of high gas prices? Then stop driving to work, duh..... Learn to Work from home
Posted: Mon Aug 18, 2008 3:43 pm Post subject: Re: Store Closings.....
burtonridr wrote:
When you plan to open a business, you get your business plan in line, then go to the banks and ask for money, then design the building to be constructed, then get permits, then start construction, then construction finishes, then you stock and open the store.
The whole process can take anywhere from 6 months to 2 years...
The stores you are seeing open right now probably received their loans a year ago or more, before the decline or slightly during.
I work as an HVAC and plumbing systems designer.... I can tell you, that we have slowed down, there are not as many stores being constructed as last year, not even close.
I understand this point. It will be interesting to visit Liverpool again in 1 year, and compare to last Friday. But I only wrote what I saw. Incidentally in my home town a few shops have closed, mainly due to the opening of a large new mall. Town centre still throngs with shoppers, especially on Saturday.
Probably early days in the UK yet. Give it to next spring, but here in NW England no signs of hard times just yet.
Gasmon _________________ Been there, Done that, Bought the tee-shirt
Joined: Aug 15, 2006 Posts: 282 Location: 'bout 15 miles from EU's eastern border (thankfully on the inside)
Posted: Tue Aug 19, 2008 4:52 pm Post subject: Re: Store Closings.....
Things are absolutely crazy here in Romania. All of Europe is in recession, but we're up 6-7%. Growth FTW The last spike in gas prices saw 100.000 drivers in neghboring Bulgaria (similar economic situation, recent EU joiner just like us) leave their cars at home and use the bus or bike. Here, it's like we didn't even notice, nobody cares about the prices. In the poorest biggish city of the country (pop. 300k+), the oldest of 2 local malls is undergoing an expansion so they can fit some more luxury brands (Armani, D&G, Bvlgari). The commercials are purely flabbergasting: "No more trips to Milano for your shopping, the real brands are coming here". The mentality is below bacteria level, nobody here understands much of capitalism. I can't wait for the crash, the shock to the rich spoiled brats here will be on par with the 1929 window jumpers.
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Then stop driving to work, duh..... 
The last spike in gas prices saw 100.000 drivers in neghboring Bulgaria (similar economic situation, recent EU joiner just like us) leave their cars at home and use the bus or bike. Here, it's like we didn't even notice, nobody cares about the prices. In the poorest biggish city of the country (pop. 300k+), the oldest of 2 local malls is undergoing an expansion so they can fit some more luxury brands (Armani, D&G, Bvlgari). The commercials are purely flabbergasting: "No more trips to Milano for your shopping, the real brands are coming here". 
The mentality is below bacteria level, nobody here understands much of capitalism. I can't wait for the crash, the shock to the rich spoiled brats here will be on par with the 1929 window jumpers. 
