Mrcauser’s Weblog

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Oh yea…….

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did I mention the next boom is coming? Can’t have Sarah beat Oba mama in 2012 can we? Whether it will arrive in time to save his ass remains to be seen.

However the next boom wont last long and will probably be  selective. All that debt worldwide will be put off for a few years and then we fall apart again. That’s the history of fiat money schemes that have only government promises and hot air to back them up.

Time will tell.

’Pent-Up Demand’ as Shoppers Storm Malls Across U.S. – BusinessWeek

Nov. 27 (Bloomberg) — Shoppers snapped up 500 gift cards in 15 minutes yesterday at the Mall at Robinson, a shopping center about 10 miles outside Pittsburgh.

Last year, it took two hours to hand them out, said Shema Krinsky, the mall’s marketing director, who added that the parking lot was 90 percent full by 8:30 a.m.

“We expect this to be what the rest of the holiday has in store,” Krinsky said in a telephone interview.

Across the U.S., stores reported heavier traffic than last year as Black Friday, the biggest shopping day of the year, got off to its earliest start yet. Foot traffic at the Mall at Robinson increased the most in five years, Krinsky said. At Macy’s Inc.’s flagship store in New York’s Herald Square, many people were shopping for themselves for the first time in two years, Chief Executive Officer Terry Lundgren said.

After denying themselves in the wake of the recession, many American consumers seem ready to spend this holiday season, says Neil Stern, senior partner at Chicago-based consultancy McMillan Doolittle.

“There’s no question that there is pent-up consumer demand that will drive retail growth this season,” he said in an interview yesterday. “America is still a consumer-driven society, we just haven’t had the means to indulge.”

Shoppers are taking advantage of deals as they face down a slower economic recovery than projected. Retailers view Black Friday — so named because that’s when many stores become profitable — as a bellwether for the entire holiday season.

‘Bad Crowds’

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Written by mrcauser

December 1, 2010 at 5:46 pm

Posted in Uncategorized

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