The Economy Specials

The last two weeks have been insane for the economy and stock market. It seems when the US sneezes the rest of the world gets a runny nose at least. It brings home the reality of the global economy.

There is some good news though. Oil has dropped percipitiously in the past three weeks. It has not been totally translated to the pumps but there is always a lag. When fuel decreases all the products made from oil also benefit; everyone from the airlines to plastic manufacturers. These benefits will take longer to filter down to us average consumers but it will happen. I heard on NPR today that the cost of shipping goods by sea has dropped due the lack of demand and the lower cost of fuel. That too should make goods cheaper for everyone.

The Europeans have been keeping the California tourist economy floating because the euro, pound and Swiss franc were flying high compared to the dollar. But now the Europeans are suffering too so it remains to be seen what winter will bring.

To encourage guests from everywhere we created our best specials yet, 50% of during the week and 25% off on weekends. That means there are $99 rooms at the Whitegate and at Abigails. The reception has been great so far.

The election appears to be settled though there is always a chance of an October surprise to shake things up. The problem for the new guy will be expectations. He will be expected to make major changes and that will be virtually impossible given this economic climate. Many of the promises made during the campaign will just be hopeless to implement until things smooth out which may take a couple of years. It will be interesting to see what priorities are established.