Quote:
Originally posted by cowtown
The "grassroots" perspective, as you put it, is not a valid statistical way of judging the economy. Sorry. Saying the shoe saleman sees the whole economy is like saying one troop deployed to Germany sees the whole state of the war in the middle east. You see what you see, but you're sure not seeing everything.
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The theory is this......if most are not doing as well, they prioritize what you spend on. If most are doing well, they spend more on stuff they don't necessarily need. Hence, less necessary markets get more affected than more necessary markets. It wouldn't be just shoes.