Businesses and consumers have resigned themselves to this new normal.
Fundamental transformation is here.
I know a horse trader, he took advantage of the fact that horses couldn’t be killed in the US by exporting them to Mexico. In 2007 and 2008 he was overrun with horses, I mean people were just giving them to him. Then things slowed down and he actually had to get a job.
In the last 2 months he is now being covered up with horses and once again people are just asking him to take them. He just got a call from OK to pick up 150 horses all he has to pay is the freight. I take this as a bad sign for the economy whether orders are up or not. It is a sign that even if the economy levelled off or even got a little better, that people are going back to basics because they can’t afford anything more.