At the moment, "the new austerity" seems to be the trend in outlook. The FT has a new blog entitled "Money Supply". This article on the Bank of England furthers this outlook this from a forecasting perspective.
I just went to buy a pair of shoes and the nice mid-high range has been removed from our local shop. Instead, a cheap mass-manufactured Spanish range is in stock, with a private label insert with the shoe store name on it. Private-labeling it is supposed to give it cachet, but, the trick does not work. They are of dull design and the label does not make them any better.
Where am I going with all this? Get ready for the dulling down of things. Dull is the new black.