John,
We hear every week about one rally or another falling under the axe.
Some of the bigger ones are going to have even less attendance by Vendors and riders alike.
Money is tight. Those that don't have the money are not spending anything, and those that do have the Money, are holding on to it.
I would say that we are in "Free Fall" economically right now, and folks are either scared or being very cautious. Can't say that I blame them.
Bulldog