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Re: The scariest 2009 economic depression chart you have ever seen!
I find this chart to be... sobering.
I find this chart to be... sobering.
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Re: The scariest 2009 economic depression chart you have ever seen!
Originally posted by FRED View Post
Year over year percent change in personal consumption expenditures on alcohol :eek::eek::eek:
Well nobody can say that we Canadians aren't doing our part for the economy...:p
Alcohol sales surge in tough economy: StatsCan
By Linda Nguyen, Canwest News Service
April 23, 2009
OTTAWA — Although the economic outlook continues to look bleak, more Canadians are still paying to keep their beer mugs and wine glasses full, according to a new Statistics Canada report.
The agency reported Thursday that sales of beer, wine and spirits have gone up by 5.4 per cent in the last year to $6.8 billion. In 2007-08, alcohol sales had only seen a 1.6 per cent increase.
Brent Barr, a marketing and retail business instructor at Ryerson University in Toronto, said even though Canadians are being hit hard in their wallets, they're still willing to shell out to enjoy daily pleasures...
...Statistics Canada reported that between January and February alone, alcohol sales jumped by 2.3 per cent across the country, leading to sales of $1.4 billion...
..."One of the things we noticed is that consumers are still buying alcohol, but they're buying more for home consumption," Layton said. "When the economy is slower. People don't go out as much to bars or restaurants. They'll buy more for home entertaining and get-togethers with friends."...
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Re: The scariest 2009 economic depression chart you have ever seen!
"When the economy is slower. People don't go out as much to bars or restaurants. They'll buy more for home entertaining and get-togethers with friends."...
There was an article recently in Dagens Industri about how sales of sexy women's underthings was up strongly in Sweden this winter. The explanation was the above. Is the not-a-depression going to result in a baby-boom starting this fall? Time will tell . . .Justice is the cornerstone of the world
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Re: The scariest 2009 economic depression chart you have ever seen!
Did you notice that the absolute low in sales was 4 or 5 years after serious recessions? Look at 1974 and 1982. That would place our low at or around 2013Originally posted by FRED View Post
Year over year percent change in personal consumption expenditures on alcohol :eek::eek::eek:
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