I think Obamacare is going to have a *hugh* effect on spending.
This past week a number of people I know in the restaurant business have had very bad nights. They haven’t seen business this bad in years. I’m wondering if it is because of the cancellations and Obamacare.
We’ll see. They reported last month that consumer debt was at its highest in quite some time (2009?). People, particularly those without the means to pay off their credit cards and car loans, will continue to add to their debt until someone bails them out.
I sell vintage clothes online. I can second this trend you are seeing. The past couple of weeks have been insanely slow for me.