An investigation has been launched by the London 2012 organisers Locog after banks of empty seats were evident in multiple sporting venues on the opening day of the Games.
London is one of the centers of capitalism and high unemployment. It would not be far fetched to say, tickets were limited to optimize total revenue. Conversely, the same capitalists limit jobs to optimize labor costs. It really isn’t that far fetched.
Not really shocking.
“The National Association of Realtors said June sales dropped 5.4% to a seasonally-adjusted annual rate of 4.37 million, compared to an upwardly revised 4.62 million in May.”
Lower inventories lead to lower sales. It is also possible to say lower sales may have also lead to lower inventories. Ultimately an economy may function more efficiently with lower inventory and lower sales, if we are able to maintain a liquid marketplace. Efficiency gains are inheritently deflationary.