November 30, 2008

Black Friday Sales Up 3%...Really?

AP - Early data shows strong Black Friday

I know it's early. But with the economy reportedly in shambles and consumer confidence reportedly low, how is this possible?

Maybe the herd hasn't caught on to what's happening yet.

My gut tells me...

All this bailout spending will lead to a, misleading, small slowdown in the economy; that's not a realistic picture. Government spending is calculated into the GDP and will offset negative growth in other sectors. False confidence will lead people to save less.

...we're compounding our problems.

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