Early data shows strong Black Friday shopping

Early data shows strong Black Friday shopping (Full Version)

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celticlord2112 -> Early data shows strong Black Friday shopping (11/29/2008 1:54:56 PM)
Early data shows strong Black Friday shopping If things are so bad.....why are people spending so much?

Raechard -> RE: Early data shows strong Black Friday shopping (11/29/2008 1:58:52 PM)
As a distraction from the badness of it all.

BbwCanaDomme -> RE: Early data shows strong Black Friday shopping (11/29/2008 2:01:54 PM)
Retardation?

DarkSteven -> RE: Early data shows strong Black Friday shopping (11/29/2008 2:10:23 PM)
Good. One less industry to beg for a bailout.

Lynnxz -> RE: Early data shows strong Black Friday shopping (11/29/2008 2:35:41 PM)
Maybe more people figured they should shop on black friday to save money?

popeye1250 -> RE: Early data shows strong Black Friday shopping (11/29/2008 2:37:44 PM)
quote: ORIGINAL: celticlord2112 Early data shows strong Black Friday shopping If things are so bad.....why are people spending so much? Cl, I agree, I spent about $600 yesterday on a Springfield Arms .40 cal pistol due to the good state of South Carolina having a two day "tax holiday" on the sales of firearms on "Black Friday" and Saturday. So I'm doing my part to help the economy.

philosophy -> RE: Early data shows strong Black Friday shopping (11/29/2008 2:37:45 PM)
quote: ORIGINAL: celticlord2112 If things are so bad.....why are people spending so much? ....same reason things are bad in the first place? People don't spend within their limits?

TNstepsout -> RE: Early data shows strong Black Friday shopping (11/29/2008 2:54:55 PM)
Maybe they have been cutting back elsewhere so now they can afford to spend on Christmas. Maybe.....??

FatDomDaddy -> RE: Early data shows strong Black Friday shopping (11/29/2008 3:26:06 PM)
TN has a good point plus there has been a winfall from lower gasoline prices resulting in a market created stimlus that needed no government help at all

servantheart -> RE: Early data shows strong Black Friday shopping (11/29/2008 4:13:56 PM)
quote: ORIGINAL: philosophy quote: ORIGINAL: celticlord2112 If things are so bad.....why are people spending so much? ....same reason things are bad in the first place? People don't spend within their limits? That was my first thought.

lovingpet -> RE: Early data shows strong Black Friday shopping (11/29/2008 4:58:49 PM)
Lots of reasons. I am more interested in the final overall picture for the time period. I know our spending is planned to be slim. We don't use credit cards and we don't spoil our children rotten on the holidays. I think there will be surges where there are perceived savings and the rest of the season will be sparse. Of course, I am speaking as one who neither has nor wants a bunch of credit cards with massive spending limits I could never recover from. lovingpet <<edited for typing errors

Owner59 -> RE: Early data shows strong Black Friday shopping (11/29/2008 5:16:55 PM)
So you wouldn`t admit anything was wrong unless everything was a complete disaster.lol Telling. So your point is that things aren`t bad?lolRead the news lately?lol All those hundreds of of thousands of folks didn`t lose their jobs?lolOr their homes?lol-lol Maybe we can credit Obama for the good numbers.lol He got the blame for the bad ones.lol I can`t wait for the new Oconomy to kick in.

Lynnxz -> RE: Early data shows strong Black Friday shopping (11/29/2008 5:31:02 PM)
quote: ORIGINAL: Owner59 So you wouldn`t admit anything was wrong unless everything was a complete disaster.lol Telling. So your point is that things aren`t bad?lolRead the news lately?lol All those hundreds of of thousands of folks didn`t lose their jobs?lolOr their homes?lol-lol Maybe we can credit Obama for the good numbers.lol He got the blame for the bad ones.lol I can`t wait for the new Oconomy to kick in. First, lol is not a punctuation mark, second, I don't see lovingpet saying any of the things you are talking about in your post.

lovingpet -> RE: Early data shows strong Black Friday shopping (11/29/2008 5:47:06 PM)
Maybe folks envoke their budget savvy and open their sentimental holiday pocketbook regardless. The economy's been bad before under both democrats and republicans and people still did for each other at the holidays. Presidencies and such have little to do with anything. Memories of Christmases gone by and hopes of those to come and some will of .... gasp.... good will toward men.... has something to do with it I am reasonably sure. lovingpet PS This was a semi general comment NOT directed at you of course Lynnxz

NeedToUseYou -> RE: Early data shows strong Black Friday shopping (11/29/2008 5:49:12 PM)
People are shopping, IMO, because christmas is the holy grail of our over the top consumer driven culture, so they'll sacrifice the hooker, to make sure johnny gets his new action figure. On top of that, IMO, the perception is the stores are desperate for sales so logically people think they are going to get better than average black friday deals, so shopped in mass. I doubt the numbers hold up. That's all a guess, mind you, but honestly if unemployment is up, GDP is shrinking, the only way we can outspend our previous holidays, that were to some degree financed by debt is to go further into debt more rapidly. In my world, lower retail sales would be a good thing until the core numbers improved a bit.

celticlord2112 -> RE: Early data shows strong Black Friday shopping (11/29/2008 5:51:44 PM)
quote: In my world, lower retail sales would be a good thing until the core numbers improved a bit. Isn't retail sales one of those "core numbers"?

lovingpet -> RE: Early data shows strong Black Friday shopping (11/29/2008 5:53:15 PM)
quote: ORIGINAL: NeedToUseYou That's all a guess, mind you, but honestly if unemployment is up, GDP is shrinking, the only way we can outspend our previous holidays, that were to some degree financed by debt is to go further into debt more rapidly. In my world, lower retail sales would be a good thing until the core numbers improved a bit. Agreed, but that won't stop folks from doing what they do. I just hope they are ready for the bills come January. lovingpet

NeedToUseYou -> RE: Early data shows strong Black Friday shopping (11/29/2008 6:00:06 PM)
quote: ORIGINAL: celticlord2112 quote: In my world, lower retail sales would be a good thing until the core numbers improved a bit. Isn't retail sales one of those "core numbers"? Not really, as retail is supposed to be the manifestation of the buying power created from work that creates something, or enhances something from lesser value. Retail sales aren't as important as domestic factory output for example, Higher factory output would naturally lead to more consumer spending, however, higher retail spending without productive portions of the economy leading, means debt. I guess I should clarify, I'm not using core numbers in the same vein as the government might. By core I simply mean numbers that indicate real production, or sustained wealth generation increasing. Retail is the drain real wealth is dumped into eventually, unless foreigners are spending the money in the US malls, it's nothing but shuffling money. IMO.

MrQwerty -> RE: Early data shows strong Black Friday shopping (11/29/2008 6:00:19 PM)
No this is where you are wrong CL because the subprime fall closure house rate index is the key market indicator of negative zero factored liquidity. It stopped being retail sales eons ago when the Nouveau Rich emerged into the market as a financial energy faction that traditional out of town co-operatives could no longer compete with.

Owner59 -> RE: Early data shows strong Black Friday shopping (11/29/2008 6:30:53 PM)
quote: ORIGINAL: Lynnxz quote: ORIGINAL: Owner59 So you wouldn`t admit anything was wrong unless everything was a complete disaster.lol Telling. So your point is that things aren`t bad?lolRead the news lately?lol All those hundreds of of thousands of folks didn`t lose their jobs?lolOr their homes?lol-lol Maybe we can credit Obama for the good numbers.lol He got the blame for the bad ones.lol I can`t wait for the new Oconomy to kick in. First, lol is not a punctuation mark, second, I don't see lovingpet saying any of the things you are talking about in your post. My comments were to the OP,obviously...................

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