Here's a short video clip which convincingly underlines why retailers are closing their doors all over America. It also tells you what you can invest in because American consumers have changed their buying and savings habits.
All of this is old hand news to readers of http://www.a1anews.com/ who might just read the headlines daily without clicking on the stories beneath the headlines, but who have collected and stored the stats quoted in the headlines. Still, Harold Davidowitz of Davidowitz and Associates nicely sums up everythingin this short video clip titled "Americans Standard of Living Permanently Changed". It runs a little over 5 minutes and it is worth hearing how we've changed from consumers to savers and what it reminds Davidowitz of.
One thing is for sure: we are not going back to the go-go years at the beginning of this current decade anytime soon. Housing, retailing, banking and more are all losing bets . . . unless you pick the right companies with solid revenue growth and profits. Hint: Wal-Mart is booming, ask yourself "Why is that?"
Caveat emptor,
Rock
p.s. Thanks to "abitare" on Motley Fool for bringing this one to my attention via his blog:
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