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"Under these circumstances, it's truly amazing when you think about all the news that led into the holiday season, it certainly appears that consumers are willing to spend more than most expected,"
Originally posted by marg6043
Let me give you people a littler lesson on economics.
But while spending was up, there were troubling signs in the early numbers. The bargains that drove shoppers to stores were so stunning, analysts said that retailers — already suffering from double-digit sales declines the last two months — would probably see their profits erode even further.
Also, after shoppers flooded stores on Friday, foot traffic trailed off significantly on Saturday and Sunday.
Originally posted by marg6043
BTW gas prices are down but the OPEC already reduced production in October and while their "emergency" meeting this weekend they didn't came to an agreement to lower more production they are waiting for next week to do that.
This only means that gas prices will raise again as production is cut further.
Originally posted by SLAYER69
reply to post by princeofpeace
Gloom and doom
Now there are all kinds of threads spouting gloom and doom now there is a new one about the recession started in 2007?
I still haven’t felt that one either
that's kind of like a retroactive abortion!