Saturday, November 28, 2009

Black Friday

So, reports are that yesterday's Black Friday sales figures are higher than last years. This really doesn't surprise me after seeing photos of the lines and the crowds on the news and from people who were among the masses. I find this all very interesting since we are in a supposed recession and these are "tough economic times" WOW, $10.6 billion in sales is tough times?

I've been saying for some time now that this recession stuff is nothing but bullshit we are being fed by government and the news media. People are still spending money, they have never stopped.

Now I am sure I will have those who ask, are people really spending money or are they using credit cards and spending what they really don't have. I really don't know. Honestly, credit card debt shouldn't even be brought up. Credit card debt has been a problem for YEARS. Look at how many people have filed Chapter 7 bankruptcy and you will see how bad credit card debt is and has been. It has NOTHING to do with the economy. It has everything to do with the "Me" generation that wants everything NOW. They don't want to save for things. They charge and charge and spend and spend, then file for bankruptcy and those of us who pay our bills pay for it in the long run in more fees and higher interest rates and lower savings rates. So, sorry, whether people are spending with cash or credit, it doesn't make a difference.

We are NOT in a recession. If you think we are, head on out to the mall in the next few weeks and see if you can find a parking space. Recession = Reduced Spending. People are spending and they are spending freely.

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