More evidence of the onset of a W-shaped recession? Or perhaps evidence that the recent recession never ended (the NBER has still not declared an end to the recession that started in December of 2007)?
NICE QUOTE:
For now, some affluent spenders are getting thrifty. Linda Stasiak, who sells high-end skin care products to retailers like Whole Foods, said that her biggest sales increase had been for a $15.95 tube wringer, made to get every last drop out of a bottle of lotion. “During peak time, I don’t even really remember selling them,” Ms. Stasiak said.
