I would imagine that all of those unemployed people not having any money to spend has something to do with it.
I heard the other day on the news that 40% of home mortgages are in some form of distress.
Houses are not worth what they were a few years ago, and many potential buyers are being turned down by the lenders.
If our economy was based on production (like it used to be), instead of 'services' we would be doing much better.
Unfortunately, we can't blame the permaculturists for the financial woes. "Ain't
enough of us yet."
Almost everybody is cutting back on discretionary spending.
The other day somebody asked why there were so many furniture store ads on TV.
My
answer: Who's going to buy a new dining room set if they don't know if they can pay their
mortgage in 6 months?