D
DR_Guy
Guest
My observations over the last few weeks:
- Eleven hotels close with occupancy rate of 30, normally 65% this time of year.
- Presidente considerably raised the price of beer last week.
- My sales are down 60% in Pizza and Beer over the last 30 days.
- A successful business in my town built a new location and closed last week after being open 21 days.
- Friend who owns car wash now has only income from contract with a mine. Local customers gone.
- Peso dropping like a rock.
- Central Bank intervention.
I originally attributed this to uncertainty over the elections. However, I generally think we are facing an economic downturn that will hit hard.
Anyone else have similar observations?
Cheers!
- Eleven hotels close with occupancy rate of 30, normally 65% this time of year.
- Presidente considerably raised the price of beer last week.
- My sales are down 60% in Pizza and Beer over the last 30 days.
- A successful business in my town built a new location and closed last week after being open 21 days.
- Friend who owns car wash now has only income from contract with a mine. Local customers gone.
- Peso dropping like a rock.
- Central Bank intervention.
I originally attributed this to uncertainty over the elections. However, I generally think we are facing an economic downturn that will hit hard.
Anyone else have similar observations?
Cheers!