Moderator, can we move the political chit-chat somewhere else? I wanna hear about mall traffic thanks.
It's Xmas season and for American women, shopping for useless Chinese made junk is the cure all for everything. However buying that cheap Chinese sweat shop made lingerie does not translate into reality. Recession Probably Deepened in October: U.S. Economy Preview Nov. 23 (Bloomberg) -- The U.S. recession probably deepened as consumer spending plunged in October by the most since the 2001 downturn and businesses slashed investment, government reports may show this week. http://www.bloomberg.com/apps/news?pid=20601087&refer=home&sid=aVVjo3vDKTFs Businesses cut backs are a leading indicator for future job cuts. Which means all these shoppers will have no jobs pretty soon
Funny you say that. I went into a "Beauty Shop" to buy some shampoo. I asked the owner how was business and she replied that we were pretty much recession proof "because women will spend their last penny on themselves"
Gnome, Check this funny stuff out. <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/tJc6uczdhE0&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/tJc6uczdhE0&hl=en&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>
Ya got it backwards. There is a lot of new money out there. Redemptions are at an all time high. Whaddya think people are doing with this money? Savvy investors are shopping to beat upcoming inflation.