Reply #19: I will give it until the end of the buying season

[Warpy]

They'll know the wheels are off after the weekend of Black Friday. They won't know how far they've fallen until all the sales numbers are totted up on Xmas day, and they will be.

This won't be the worst of it. People who can still leverage credit card debt will try to give the kiddies one last good Xmas. Most people will settle for getting them a new pair of shoes and making a nice dinner.

However, this is the year that Wall Street will realize they've screwed the pooch by backing deregulation and offshoring.

This is the year it finally dawns on them that business isn't very good if you don't have customers.