HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: I give you the American housing market, 2001

September 04, 2008

Anonymous said...: A bit too rosy I think; September 04, 2008 10:11 AM
Anonymous said...: That was AWESOME! I loved the LostWages style build up and bigger-than-life finale.; September 04, 2008 11:13 AM
Anonymous said...: Retailers slash prices but may pay for it later
By Anne D'Innocenzio
The Associated Press

NEW YORK — In a bid to pull hesitant shoppers into their stores, retailers are slashing prices on everything from jeans to dinnerware. But those fat discounts likely will come at a big cost for the companies.

At teen retailer American Eagle Outfitters, shoppers who buy jeans get a second pair at half off. Jewelry chain Zale is offering an extra 20 percent off on a slew of items such as gold earrings that were already slashed up to 70 percent. And Pottery Barn has discounts of up to 75 percent.

"There's a fine line between aggressive promotions and panic, and we are seeing a little bit of both right now," said Dan Hess, founder and chief executive of research company Merchant Forecast."; September 04, 2008 11:31 AM
Anonymous said...: Keith are you having to move back to the States?; September 04, 2008 11:40 AM
Anonymous said...: In reality, it will get much worse than that even - add about 10x as many people getting mowed down at twice the speed.; September 05, 2008 5:19 AM
Anonymous said...: Oh dear! The gravy train derailed!; September 06, 2008 2:27 AM