Costco Wholesale Corp sales have dropped by 1% in October, citing unfavorable exchange rates, while analysts were expecting about a 3.5% increase. Coscto has 546 warehouses, including 400 in the US, and 46 in Canada. Rationally, we can also expect that sales have decreased because consumers have curbed descrietionary spending because of global economic concerns. This is also evident in higher priced goods such as cars. Toyota has seen its lowest profits since 1990 where profits dropped by 70% last quarter. Toyota’s net profit during the July-September quarter had plunged by 69%. In addition, Isuzu, another Japanese car maker, also declined its profit forecast to ¥40 billion, down from ¥85 billion. All other car makers have also experienced significant. It is clear that people are not spending their money amid global economic concerns. In the next few days, I will write do a write up on what caused the global financial crisis as people are still not very sure how it all happened.