A friend of mine who sells consumer electronics stuff says this 4th quarter for him has been a lot stronger than it was a year ago.
I don’t know how healthy retail will be this Christmas, but my guess is that it will be stronger than last year. This time last year, the collapse was still new. Now that we’re just sort of muddling along, this is the new normal, at least for now. I don’t know if confidence itself is much higher, but at least the average consumer probably is not panicked or freaked out as they were a year ago.
BTW, I do think it’s sad that the consumerist orgy that is Christmas drives our economy to any measurable degree, but that’s another topic for another time.
I think that people are going to be more frugal shopping this Christmas – the unemployment is up, people are more uncertain about jobs…I had the impression last year that in spite of the collapse, people were spending like that was their last Xmas season… I could be wrong; that was just my impression from the mall…
So I’d say it is going to be worse than last year.
time will tell.
I think that people are going to be more frugal shopping this Christmas – the unemployment is up, people are more uncertain about jobs…I had the impression last year that in spite of the collapse, people were spending like that was their last Xmas season… I could be wrong; that was just my impression from the mall…
So I’d say it is going to be worse than last year.
time will tell.
I think that people are going to be more frugal shopping this Christmas – the unemployment is up, people are more uncertain about jobs…I had the impression last year that in spite of the collapse, people were spending like that was their last Xmas season… I could be wrong; that was just my impression from the mall…
So I’d say it is going to be worse than last year.
time will tell.
I think that people are going to be more frugal shopping this Christmas – the unemployment is up, people are more uncertain about jobs…I had the impression last year that in spite of the collapse, people were spending like that was their last Xmas season… I could be wrong; that was just my impression from the mall…
So I’d say it is going to be worse than last year.
time will tell.
I think that people are going to be more frugal shopping this Christmas – the unemployment is up, people are more uncertain about jobs…I had the impression last year that in spite of the collapse, people were spending like that was their last Xmas season… I could be wrong; that was just my impression from the mall…
So I’d say it is going to be worse than last year.
time will tell.
Well, there are about 7 million less people working and many people making less as well as polls saying some will spend less. So, it will probably be a little less than last year. Then again Wall Street had record bonuses so it could even out.
Well, there are about 7 million less people working and many people making less as well as polls saying some will spend less. So, it will probably be a little less than last year. Then again Wall Street had record bonuses so it could even out.
Well, there are about 7 million less people working and many people making less as well as polls saying some will spend less. So, it will probably be a little less than last year. Then again Wall Street had record bonuses so it could even out.
Well, there are about 7 million less people working and many people making less as well as polls saying some will spend less. So, it will probably be a little less than last year. Then again Wall Street had record bonuses so it could even out.
