December 16, 2011
As the race to the bottom of cutting profit margins by retailers continues despite the mainstream media’s hype to convince viewers and readers that the economy has turned a corner and consumer confidence has returned as evidenced by the sales on Black Friday/Cyber Monday, the truth of the matter is that it ain’t necessarily so. [...]
Tagged as:
consumers and holiday sales,
demise of middle class,
demise of the middle class,
holiday donations,
Middle Class,
problems with consumer driven economy,
Reformed Liberal,
savvy consumers,
stock market,
unemployment stats,
why consumers are spending
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November 29, 2011
Wall Street rallied on Monday coming off a Thanksgiving Week debacle not seen since the Great Depression and the media asks if the increases in retail on Black Friday and Cyber Monday indicate a change in consumer confidence and a upward swing of the U.S. economy that is 70% driven by consumer spending. Hold on, [...]
Tagged as:
Black Friday,
Charlie Rose,
consumer confidence,
consumer spending,
cyber monday,
David Brooks,
frugal fatigue,
narcissism and overspending,
Wall Street
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Consumers Saying Bah Humbug!
December 16, 2011As the race to the bottom of cutting profit margins by retailers continues despite the mainstream media’s hype to convince viewers and readers that the economy has turned a corner and consumer confidence has returned as evidenced by the sales on Black Friday/Cyber Monday, the truth of the matter is that it ain’t necessarily so. [...]
Tagged as: consumers and holiday sales, demise of middle class, demise of the middle class, holiday donations, Middle Class, problems with consumer driven economy, Reformed Liberal, savvy consumers, stock market, unemployment stats, why consumers are spending
Read the full article →