[Jewelry making - Article 00128] - Re: [Orchid] [NY] Rent for jewelers' buildings

[Randolph Post]

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    Very perceptive Anil... 

    Today oil is $53.00 a barrel =96 see
    http://www.wtrg.com/daily/crudeoilprice.html 

    The national debt is 7.7 trillion dollars =96 see
    http://www.brillig.com/debt_clock/ 

    Then of course, there is the giant housing bubble now in progress=96
    see
    http://www.tompaine.com/articles/trouble_at_home_the_housing_bubble.ph=
p 

    Not to mention the collapse of the dollar =96 see
    http://www.moneyfiles.org/ 

    Mother Earth seems to be very big on earthquakes lately. 

    America appears to favor the conquest of yet more Middle Eastern
    countries. 

    When all this comes together to produce a massive recession, or
    should I say depression, the first things to go will be expensive
    luxury items like jewelry. Then Wal-Mart will be king with low
    priced wedding rings from China. 

    Building owners in midtown Manhattan appear to have a handle on
    this. They are the harbinger of the future. 

    One could reason that there will always be a market for fine
    jewelry. This is correct, but the number of buyers will be a
    fraction of the halcyon days of yore, hence low rents are a
    prerequisite. 

    Here in Thailand where I live, all the jewelry stores in Bangkok's
    Chinatown sell gold jewelry by weight. Is everyone on Orchid ready
    for that? 

    I would like to have a more positive attitude about the future, but
    there are all these sirens screaming in my ears. 

Wishing Godspeed to us all,
Randolph Post

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