Any body who sells booze is doing REALLY well. I sell flowers and plants, and so far, so good. Problem is margins are shrinking and expenses are rising. You do not need to be a CPA to figure that one out.
There is still tons of money moving around, just where it is going has changed. Energy is the 900lb gorilla, (that is why we are all here
),that and health
care. So yes it is harder, no doubt. Some industries will get hit harder than others(boating/RV/Dining etc.
) There will be
survivors, and some will fall hard.
Some leadership from the gov. would be handy right now. But it is clear we will have to wait a bit for that. Times are
getting harder, but we have not seen real pain yet. Hopefully we will not. The rich for the most part will still be rich. Might shrink
their numbers a little, but most will stay comfy. Those on entitlement, or as I like to say, "free cheese", will hardly miss a beat.
The middle is getting the kick to the groin, and that is bad because the middle is the engine that feeds the rich and the
welfare. We go down, and it all falls apart. And that is why we are anxious and not spending. Everything is more, except maybe your pay check. Various policies have drained the middle class for short term gains for a very few. That has to change
and soon, or the pain will come. So yes it is pretty bad, but no where near the bottom .....yet.