citygirl said:I have no idea what the post above this means
People I know are going out a lot less, shopping more carefully, foregoing "luxuries" like new clothes or putting off major purchases and in general, relying on family and friends a lot more.
There are those that are here as a result of family or reasons that don't allow them to leave so they're "stuck" here for lack of a better word. As for the rest, I would guess that many expats who came down here thinking it was "cheap and fun" will be packing their bags and moving on to their next destination or back home.
As to what's keeping the economy afloat - well stay tuned. I predict 2011 is going to be a very rough year here based on the data I look at. I don't have a crystal ball but the economic factors aren't good and 2011 would be right on schedule for the 10 year boom/bust cycle.
Where is AR now? (I apologize for my ignorance, just learning, but in a hurry, because as i mentioned elsewhere I am arriving in 2 weeks. A side note .. inflation is raging in USA as well... things jump 50% overnight.. Walmart,that old bastion, is increasing prices tremendously and the quality is ....well, i buy nothing there anymore...used to get neat t-shirts for $10
now 16 - 20 and.. so poorly made I didnt think things would get made for the market using such inferior materials and workmanship.
But do please expand on your view of 2011...thank you