This is it! BIG A** Kickin' DOOOM! Here and now, not tomorrow.

When you read this please keep in mind that Panama City Beach is but one of many beach areas along the Emerald Coast of Florida. So multiply it by 10 or a 100.

While I was waiting for a friend at the doctor's office, a lady who manages condo rentals on Panama City Beach told me something utterly shocking from an economic standpoint.

She said in a normal day, she would get 40 to 50 calls from prospective vacation renters.

Today she had received ZERO calls to rent! She received quite a few cancellations.

She told me she would be going back to the office to lay off her two employees.

She also told me about another hotel owner who was getting cancellations left and right, so they were going to lay off a huge portion of their staff.

She also told me that this was happening all over the beach at all the hotels. There was an emergency meeting among owners of the hotels, motels, etc.

She didn't specify what's going on except that
"Charlie Hilton is sweating bullets." He is perhaps the biggest owner on the beach, with four separate beach front properties and one in-town property, including a highrise Holiday Inn.

The ripple effect that this will have on the surrounding economy is more like a Tsunami. Thousands of waitresses, clerks, housekeepers, etc will be layed off probably in the next couple days.

The newly unemployed will run out of money quickly because they aren't rich people. If they have credit cards or car payments, they won't be able to make their payments. Jeez this is bad!

Poof!

The northern beaches of Florida, and all along Alabama and Mississippi, beaches are all going to go belly up if they have almost no guests.

Whoever holds the loans will also take it up the a**. It's hard to convey just how huge this is. Local stores, etc, etc, etc.

Last Edited by AwthrAwthr on 05/03/2010 08:09 PM