More Bad News About Retail

Just a quick note about this... I don't want to spend too much time pointing out the obvious. But apparently all the layoffs and store closings have not helped enough in the retail sector. What really needs to happen is for people to start buying stuff again. They'll only do that if they have money or credit.

Since so many people have been laid off and the stock market keeps dropping, not many people have money. And since practically all credit has simply vanished, not many people have credit. How is the economy going to recuperate?

By on January 14, 2009 2:12 PM

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