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All are suffering. But by far anything even closely related to Construction is not only suffering but have already dug a grave 6 feet deep and pulled the dirt over their body.
Why did you mention restaurants? Maybe the very expensive restaurants are hurting but fast food cheap food is still chugging along. While all the stores in the malls are empty, the food courts are not.
All businesses are hurting bad. Anything even slightly related to construction has already dug a hole 6 feet deep, crawled inside and pulled the dirt over themselves.
Why did you say restaurants are hurting? Maybe expensive restaurants but not cheap eat places. Walk into any mall where all the stores are empty but notice the food court is always busy.
Anything that is related to consumer spending. So about 70% of the US economy.
Small business are hurt more than large businesses because of heavy regulations. Much easier for a large company to comply than a small business.
I say it all the time, low taxes and low regulation is what creates wealth. We have high regulation and high taxes then wonder why unemployment is hitting double digits. Not hard to figure out.
Then we go and deregulate the financial markets (the market which should never be deregulated!) then when they mess up and go nuts we call for more regulation and it kills main street. Regulate wall street and deregulate main street that is the solution!
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Business advisors and psychological counselors are doing ok, but revenue is not good, as many folks don't have the $$ to pay.
Ammunition dealers and manufacturers have done very well since November 8th. If you haven't stocked up by now, it is too late, many places have run out.
for the future, (should we have one)
Leisure will suffer, repair shops (remember those ? ) will be busy.
debt counselors will be 'IN', as well as thrift stores & (Econo) vegetable markets.
Auction houses and resale markets will become popular again.
As we've seen
Steak houses are empty, McDonald's business is growing
Linen's & Things is bust, Walmart is growing revenue!
I'm afraid commercial real estate is in for a really rough time. (Strip malls, older downtown areas)
For the long term... I suggest looking into being a landlord of a shanty town, "coming soon to a neighborhood near you"
Or being a 'troll' and collect rent from the folks living UNDER your bridge.
Last edited by StealthRabbit; 02-19-2009 at 01:15 AM..
It really depneds on if the small business is only local and the loacl economy. looking at teh unemployemnt figures relaesed there is a wide difference between regions and even loacl arreas.The restaurants are still busy here if the crowds are any indication but the highend ones maybe in trouble.
Ammunition dealers and manufacturers have done very well since November 8th. If you haven't stocked up by now, it is too late, many places have run out.
Quote:
Originally Posted by janb
Linen's & Things is bust, Walmart is growing revenue!
I'm afraid commercial real estate is in for a really rough time. (Strip malls, older downtown areas)
Yes, it is. I saw a report about the future of the big box retailers and it looks pretty bleak for them. They're not expected to last the year. The major retailers are, Sears, Macy's, JC Penny and the last Montgomery Ward is already gone.
Once the anchors are gone from the malls, the rest will go and the malls will close.
I also found out that there is 19 square feet of retail space in the US for every man, woman and child. That's way too much space. It's like a 9.5 X 9.5 foot room for everyone.
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If you haven't stocked up by now, it is too late, many places have run out.
