Chris Rossini reports in:
Hey Bob,
Down in Naples till the 19th...been here for a few days already and figured I'd share a few observations:
- Last night I was at Coconut Point, which is a gorgeous shopping area...They also have homes/condos for sale. During the boom were going for 400k...now at 169k.
- Gas in the area is over $4/gal everywhere.
- Consumer prices seem to be mixed. I'm seeing things that are high...smaller packaging, etc. But also lots of deals. Ate at a beautiful restaurant last night at Coconut Point & it felt like a steal. So Bernanke money has not hit across the board in any sense.
- Lots of empty shopping centers...the bubble and bust were massive down here as you know.
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