- Forum: Streetwear and Denim
Is soft retail a leading indicator? My thinking was always that retail spending was not predictive. In '08, you didn't see the massive sales until November, after the market had already crapped out and the bailouts, TARP, etc. were happening. The mortgage market was getting bad in early '07. Mortgage related companies started to tumble then. Banks didn't start to blow out until early '08 (Bear Stearns), Lehman not til the summer, Merrill the fall.