Are strip clubs in your area getting more crowded?
I noticed last night the strip clubs seem to be getting more crowded. In fact at one club at one point, it was difficult to see an empty table anywhere in the club.I don't see any signs of recession in the local strip clubs I routinely visit. Do you?
At work, I know the sales orders have been a lot slower than they were earlier in the year, but that was a record level earlier in the year. I should early last year.
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I ask at just about every club how things are going. I never hear anything but how slow it is and how they aren't crowded as the use to be.
No, Michigan clubs aren't having any trouble staying under the fire code occupancy limits.
Jay, George Will's most recent syndicated column describes Michigan as having a one-state recession, which he attributes to high taxes imposed by your governor.
Based ancedotally from I've seen the customer traffic levels are surprisingly good at some of the upscale clubs in the northeast USA since early January, (after the normal christmas/new years holiday pickup) however note 2 factors 1. mild weather, with no snowstorms (with one now on the way), which tends to bring in patrons 2. per dancer comments, except for an ocassional sugar-daddy type here and there the core customers still not spending much on dances so while the clubs themselves (so far) are still doing reasonably well on drinks and house fees etc, the dancers that I've directly talked to.
At this point in terms of the overall economy, there's very little doubt now that there will be a recession of some type, and that's because now credit card companies are reporting major problems with deliquencies, so sub-prime is just the tip of the iceberg. The FED cannot stop a recession, that is a myth. At best they might be able to mitigate it, and even that may be next to impossible in a world where foreigners hold huge surpluses of dollars and will not respond favorably to the FED lowering interest rates as Fed Chairman Bernanke has once again promised. Bernanke has now painted himself into a corner, and there's really no way out. Either accept a recession and hope it cleans things out in a year or 2, or take a dollar crash
My regular club is continuously slow, but I believe that is based on customers being charged $30 for a single LD. (since I'm a regular, all my LDs are 2fers for that price) The club announces 2fer specials on the hour every hour and all night Tuesday. Most customers will wait for the announced 2fers.
As far as the road trip, the afternoons were light, but the evenings filled later in the evening.
Seems like folks are entering the clubs later and later.
Consider what's currently happening in the northeast USA with just one segment of business - home building and remodeling - it has to down at least 80% over 2 years ago (with many builders too busy to even bid on new jobs back then), and these tradesman are either out of work or are fighting for lower paying jobs - and some have alot of time to kill, and might now go to strip clubs, and others who might have routinely went in the past - are spending way less now. I know a number of builders and remodelers who are now down to skeleton crews - if not below that.
99% chance of recession is my odds, and it will take some kind of miracle to avoid it. The flip side of a huge credit bubble will be very nasty.
Clubs may be crowded but are they all spending less? Good question.
Hmmmm....I wonder if the writer's strike has made it worse here?
But that analysis is specific to New Orleans and few other locations -- Vegas and Tampa, I guess, but not even Miami. Other cities? I can't vouch.
Not in some locales in the the northeast USA. Its off by a huge amount. The problem is the equity (to borrow against) is either no longer there, vastly reduced, or lenders have bumped up standards via tighter appraisals etc. So without credit it doesn't matter how much pentup demand there is, many consumers unless they got the cash -will simply not be able to opt for remodeling
There's little doubt that we just went throught a massive credit bubble in the United States - in part due to remote and disconnected lender/investors, of which many were in effect foreign savers. Just the unwinding of that bubble (by itself) will put a massive debt on the economy. Next is credit cards and consumer loans - also a product of a bubble, and the flip side of that is about to hit. Its now very hard to conceive a way that the economy can avoid a recession. The FED is now talking about aggressive monetary policy and easy money and the politicians are talking fiscal stimulus. When that happens its usually too late anyways, and in any case huge economic bubbles eventually create crashes or downturns - regardless of what the FED or the lawmakers have done or plan to do.