One news item that has appears to be kept quiet might be the decrease in optional consumer spending even in N. Californicator land.
Starting about 2 weeks ago, my wife and a few friends have seen a decrease of customers where discretional income is spent:
For example: Medium $ to Upscale restaurants during lunch hours. Hair saloons, fingernail/toenail spas, coffee break time at the $4/cup places, and the upscale grocery stores.
Apparently, Halloween spending was trending down, and I have yet to see any articles noting that. However, a very reliable site was projecting a fair sized downward trend of spending:
Halloween Spending and Retail Buying Trends 2013 - 2005 - Sales Predictions
Halloween will not be a treat for U.S. retailers, according to the annual Halloween Spending Survey conducted by the National Retail Federation (NRF). In every way that consumers increased their Halloween spending in 2012, they intend to decrease it in 2013, according to the 2013 Halloween spending survey. If consumer spending actually matches consumer intentions, retailers will be ringing $1 billion less in sales in the month of October. It is worth noting that this survey was completed long before the U.S. government shutdown spooked consumers, so Halloween sales numbers will likely be even scarier when retailers are counting up their 2013 Halloween loot.
How about the negative impact re the reality of the real costs of ObozoscamScare.
Look at the pre Black Friday ads by major retail companies and their pushing of lay away plans. If they weren’t concerned, they wouldn’t be spending a ton of TV ad money on pre Black Friday ads and Christmas lay away plans.
Doesn't this depend on the moxie of the "low information voters?"
Most of them are enjoying the bliss of Obama induced ignorance!!!
Here in NJ many of those businesses saw business start to drop off with the financial meltdown in 2007/2008, and they haven’t recovered (many have closed). There are not enough people with discretionary dollars to keep restaurants, bars, etc. open; the only people better off than 5 years ago are the public employees that survived the layoffs we’ve had, and there simply aren’t enough of them.
Most Americans seem reduced to buying staples, and if they are buying anything else they’ll visit Craigslist before they go to the mall. Now our malls are reduced to cell phone kiosks and tattoo parlors...
I noticed a recent downturn in my on-line business. We could see a real reduction in spending this Christmas. But Christmas spending is remarkably resilient. It’s the rahoo-doray spirit.
I was flat-out stunned at how few kids we got for Holloween, and at how few a number of houses actually had their lights on.