Disney Resilient in Economic Downturn

.. at least, that's what Bob Iger is stressing. He's arguing that while the US outlooked may not be as good, the market outside the US gives them a bit of a buffer against the stressed economy.

Iger added that the company's ongoing expansion into markets outside the hard-hit U.S. had helped cushion the impact so far.

"I think the U.S. consumer is definitely hurting ... but we have been helped immeasurably by our access to markets beyond the United States," he said.

I sure hope he's right. The crowds I saw last week at WDW were rather thin, even for this time of the year.

Zz.