Monday, December 13, 2004

Don't spoil this party

Markets are running into closing days of 2004. I am not the one to spoil this party but discretionary spending on high and mid class furniture is taking a tumble, ask FBN. Do you consider the new flashy flat screen TV as discretionary? Consumers are certainly spending money this season but big ticket items continue to lag and without the continued enthusiasm from consumers there are plenty of companies that have more downside then up. With cheap financing dissipating could consumer demand be behind?

On a lighter note, FBN also plans to pay well to its dead executives. High-end furniture demand might be dying but dying certainly has its benefits!


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