[Jewelry making - Article 00140] - Re: [Orchid] [Biz talk] Canadaian trade recession?

[Daniel R. Spirer]

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Norah,

    I know you're in Canada but I think you're probably in the same boat
    as the US. Business has been quiet everywhere this summer, at least
    from my discussions with suppliers. Between the value of the dollar,
    rising inflation (yes I know that they keep saying it's under
    control, but with gas staying at $3/gallon, that's just hogwash),
    rising metal prices, stagnant wages coupled with severely rising
    health care costs (at least here in the US), people worried about
    the environment, the economy and the war in Iraq I believe the retail
    business has become stagnant. That translates to less wholesale
    orders, which yes translates to less jobs. It doesn't have to be a
    disaster for everyone if you stay on your toes and adjust quickly to
    the changing market conditions, but I'm not expecting much growth
    for the next couple of years. 

Daniel R. Spirer, G.G.
Daniel R. Spirer Jewelers, LLC
1780 Massachusetts Ave.
Cambridge, MA 02140
www.spirerjewelers.com
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