Doom and gloom goes the economy as of late. Trust me, I am right there with ya! I had coffee with a friend last week who is in the consumer banking industry.
They were saying how a large majority of their customers were pulling funds from their bank given the most recent banking revelation.
It seems when issues occur with the banking industry, folks panic and pull. This past weekend I had impromptu drinks with a good friend of mine who is in the luxury retail industry.
She mentioned that her company’s district has begun to experience a consumer pull back, which I recall happening in my old retail days as well.