Did you read the business news on Home Depot which reports that their first quarter profit has dropped by 66%? My, that's a pretty steep fall. I think many people do not yet realize the effects that an economy downturn could cause the people.
For businesses like Home Depot, where people will only spend excess money on their homes and remodeling projects, they are the ones who will feel the effects on their sales and profits first.
I read somewhere, forgotten where, that this economic downturn will last just a few short months but some people said that this downturn had already started back in November / December 2007 and not in 2008.
While it is hoped that the Economic Stimulus checks that were sent out to 1.3 million qualifying households across America, I wonder how well this money will help the economy at large.
Any sane, responsible person would have used the money on paying off a little bit more on their home mortgage or car loan. Do you think they will start a little home DIY remodeling project? Nah.. I don't think so.
For businesses like Home Depot, where people will only spend excess money on their homes and remodeling projects, they are the ones who will feel the effects on their sales and profits first.
I read somewhere, forgotten where, that this economic downturn will last just a few short months but some people said that this downturn had already started back in November / December 2007 and not in 2008.
While it is hoped that the Economic Stimulus checks that were sent out to 1.3 million qualifying households across America, I wonder how well this money will help the economy at large.
Any sane, responsible person would have used the money on paying off a little bit more on their home mortgage or car loan. Do you think they will start a little home DIY remodeling project? Nah.. I don't think so.
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