Retail Fire Sale
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Retail Fire Sale
Target, Burlington, MA
By Eric Janszen
The first half of 2009 goes like this:
1. After Christmas sales: 20% to 50% off
2. Liquidation sales: 50% to 80% off
3. Then 30% to 40% of retailers go out of business
Advice to readers: take advantage of the early 2009 Great American Fire Sale and go out and buy all the generators, chain saws, washing machines, fine linens, cars, and other durable goods you’re going to
need for the next few years because by the end of 2009 most of the inventory may be sold through, many retailers will be shut down, and replenishment of stocks of the survivors will likely be meager; our
models say that the goods import supply will decline more precipitously than the supply of money available to pay for them. That spells severe stagflation.
Continue reading August 2009 Fire Economy Depression Update – Part I: Snowball in Summer
