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its well known that during the month of January New Yorkers recover from holidays spending and most stores get affected but this is normal, usually business pick up in February.
We are almost in March and I dont see people spending any money, my friend works for a high end store she shares the same thoughts with me, my other friend is a massage therapist, he says that he is not getting any business lately, he used to have between 6-10 clients per week before, now the number has dropped to 1-2 clients a week.
I was wondering if something is going on and if the economy in NYC aka spending habits is ever going to recover, I honestly hear everyone complaining about this situation.
People always tighten the purse strings when the stock market is tanking whether they own stocks or not. It's a psychological reaction. The stock market is currently tanking.
its well known that during the month of January New Yorkers recover from holidays spending and most stores get affected but this is normal, usually business pick up in February.
We are almost in March and I dont see people spending any money, my friend works for a high end store she shares the same thoughts with me, my other friend is a massage therapist, he says that he is not getting any business lately, he used to have between 6-10 clients per week before, now the number has dropped to 1-2 clients a week.
I was wondering if something is going on and if the economy in NYC aka spending habits is ever going to recover, I honestly hear everyone complaining about this situation.
Have a nice week everyone
Are the two examples you gave long term business or only been in business like 2yrs or so? Reason i ask is cause sadly people move on alot of times to other places and shops/businesses start closing up.
For some reason every New Yorker decided to spend all their discretionary income on a Canada Goose coat this year. It's not even been a cold winter... go figure.
People always tighten the purse strings when the stock market is tanking whether they own stocks or not. It's a psychological reaction. The stock market is currently tanking.
If you are referring to the price of oil, this was posted on the WSJ today:
"U.S. stocks rose, recovering from earlier losses as oil prices turned higher."
Are the two examples you gave long term business or only been in business like 2yrs or so? Reason i ask is cause sadly people move on alot of times to other places and shops/businesses start closing up.
people i am referring to have been in business for 10+ years they mentioned never seen experiencing this situation before.
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are you referring to the oil prices?
