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If You're Not Petrified, You're Not Paying Attention

"The Worst Is Yet to Come": If You're Not Petrified, You're Not Paying Attention


The green shoots story took a bit of hit this week between data on April retail sales, weekly jobless claims and foreclosures. But the whole concept of the economy finding its footing was "preposterous" to begin with, says Howard Davidowitz, chairman of Davidowitz & Associates.

"We're in a complete mess and the consumer is smart enough to know it," says Davidowitz, whose firm does consulting for the retail industry. "If the consumer isn't petrified, he or she is a damn fool."

Davidowitz, who is nothing if not opinionated (and colorful), paints a very grim picture: "The worst is yet to come with consumers and

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Added: May-15-2009 Occurred On: May-15-2009
By: jayboulware
Tags: Economy, Depression, Recession, Worst, Bad, Terrible
Views: 8296 | Comments: 24 | Votes: 4 | Favorites: 2 | Shared: 1 | Updates: 0 | Times used in channels: 1
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