To add a little bit more to what I said above about fuel costs driving businesses out of business...
One of our major local Dary's has just
closed it's doors to thier main plant.
Wilcox dairy is gone. If you think it's not about fuel prices and being able to deliver product, you're fooling yourself.
Cheap electronics and other from China will be no more because of shipping costs (not that Chinese goods are
good anyways....) Say goodbye to your $1200 giant LCD TV's. Hello, $4000 TV...
Say goodbye to the tourist industry real soon, as families stop travelling.
GM is dropping it's Hummer line. Good thing, IMO.
Public transportation costs are rising fast here in Seattle.
The $12 five pound block of cheese from two years ago is now $20. Food prices have risen dramatically. People I know who could afford to eat fine two or three years ago are now depending on food banks. I know..I take one of them once a week.
Mail costs have risen again. For the first time as a business owner, I am starting to consider charging for shipping. I liked being able to absorb shipping costs, and so did my customers.
This economy is going to crash if this keeps up, and it's going to crash HARD.
Yep. The rape of America. It's great, in'nit?