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Chart Of The Day: What Does This Say About The State Of The US Economy?
Aside from fading any headlines and articles about a "recorder-er" Thankgsiving and holiday sales season...
Source: Bloomberg
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These are the fat times. It only gets worse from here. We spend the same but the children on our xmas list get a bigger percentage of clothes every year it seems.
I told all family and friends not to give purchased gifts at all this Holiday in order to reduce financial pressure on everybody. They all seemed to like that.
I just swipe my EBT, my EBT, my EBT!
Just hold off until after Black Friday.....less crowds and the crap is still free.
Preach it!!!
-Frank
http://www.youtube.com/watch?v=_LFLVPmCe-U
According to this chart the 1% are actually the top 20%
Anyone celebrating Xmas is an undisciplined impulsive crowd-following fool. It's fraudulent from a religious standpoint and it's the most blatantly commercialized holiday of all. Buying gifts for everyone because everybody else does shows you have no individuality and no guts to buck the crowd. You're a gullible sheep like they are. Doing it for "for the children" means your children rule you.
"In the last days women will rule over them and children will be their oppressors". Xmas exemplifies that. Men do it because women and children want it.
My dad discovered the truth about Xmas when I was in grammar school. The family stopped celebrating it, I haven't celebrated it since, my wife and kids didn't celebrate it.
If that's part of the reason I'm divorced today, so be it.
Junk away you dumbass "christians", you don't have a fucking clue about the (fraudulent) religion you practice.
You sound a bit cranky.
I'm looking forward to telling customers in my shop that "No, we are not discounting any products for Black Friday. When you can't find that product anywhere else though, I'll be happy to sell you one at regular retail price."
Christians my ass, pagans celebrated these days as darkeness began to turn again to light. Christians stole it...
Festivus anyone?
Indeed, modern Christians follow a construct that is based doctrines set up by a bunch of Roman politicians cum "Church Fathers", most of it is not of God. If only they would prayerfully seek after their God in the book on which their faith was founded...
Never call a man a fool. Just take his money.
My whole family celebrates Christmas, and yet most of them are professed atheists. That's even worse than the Christians, because at least the Christians have some sort of (albeit misguided and foolish) "reason" for participating.
Or they enjoy it and find it worth the effort and expense.
All those people now getting disabilities - at a record high - qualify for SNAP cards. So you and I are paying for their holiday purchases. Warms my cockles.
We've been paying for Walls Street's Xmas purchases for 4 years now.
4 years? More like a 100 years..... At leastin 2013 it'll be 100 years.
If the financial tough times mean people focus less on useless impulse-buy shit, you won't hear me complain.
@buzzsaw... Good... My plan is working perfectly... I own a clothing store with a liquidated section! Long inferior goods and services!
Everyone blows their budget buying door busters and loss leaders. Then the retailers have over a month now to make any gains.
You ain't getting anyone in the doors unless you're selling $1 for 50 cents.
For small businesses, that is a loss. The fact is that nobody is going to stock good product (good quality product) and then discount it 50%.
The joke is on those morons shopping at WalMart who actually think they are getting a good deal. The retailers are still making a fat margin on that discounted product. In today's market, finding a good deal is pretty f*cking easy and you don't need a holiday to do it.
Everything bought today, will be in the scrapyard of history in three years.
If it ain't on super-sale, or I can't get it used, it's not being spent on, Christmas or not.
We will have to wait for the numbers to come out. People can use shopping as a way to feel better when times are bad just like the Entertainment industry during the Other Depression people would go to the show spending mone they couldn't afford just to make them feel better.
Looks like some respondants didn't get the questions right. 53%ish say it won't affect their spending...just to then make a 180% saying they will spend less. :D
<----Cognitive dissonance?
<----Uneducated?
@MsCreant
It's a WTF chart. Hope you had a Happy Thanksgiving!
I did and we are still working on it. It is a WTF chart. I wanted to know what folks would attribute the disjuncture in perceptions to.
Always good to see you in print around here!
MC
Half the country "hope" the bad economy (giant unpayable deby tsunami) won't affect christmas business, the other half "believe" something else entirely, and yet another half will materially reduce their spending despite their beliefs about what others are going to do.
In short, christmas sales charting is a game of three halves.
Got my 10 free obama phones, funk spending when others will pay for your gifts.
It's Black Friday everyday for those in government.
Spend....Spend......Spend
Santelli and Leisman were discussing next weeks huge revision up in GDP. I can't take much more of this.
Seems like the perfect time to raise taxes. Not. Four more years of this stagnation is predictable people. Do prepare accordingly.
Told my family that I only want Ammo for my guns!! Got food storage, metals, ammo -- just need more ammo!!
I don't know how you told them that, but... I don't think they'll feel safe around you during the hollidays... :)
An armed household is a polite household.
Buy bullets, bitchez!
I see a lot of potential weapons lying around here, and yet, around once a month politeness is abandoned by one protagonist.
So in total about 175% of all 100% people who where questioned answered...
And where's the official government seal on this stat?
1) Rosie Scenario is MIA
2) There's a Whole Lotta Fakin' Goin' On.
wtf
LIESman was on CNBS this morning saying everything is grand. Yep, he's credible. He did have a holiday serving of Bernanke's jizz on his chin
Funny ... everyone says they are spending less, but when the bills come in its always more.
Sort of like dieters .. have you ever seen a thin one?
I'm spending everything again.
Is that "more" or "less"?
All I want for Christmas is bullion
+ 100
All I'm giving for Christmas is Bullion...
Sorry, I'm not sure I understand this poll. 53% say the state of the economy affects holiday spending, 47% say it doesn't. and 80% say it does it does but in a negative way?
Is the 80% supposed to be a subset of the 53%? Seems to me it shouldn't be a 3rd bar if that's the case.
Don't be silly and try to make sense of it, it's Bernanke Math, in which steadily rising overall prices of 4-6% per year result in a consistent 1% CPI, 30% of the workforce being out of work results in an unemployment rate of 8%, and where unfunded liabilites of 200 trillion dollars can be covered by "closing loopholes" and "taxing the rich".
I have every item I will ever want...except food. I am never going to be 'contributing' to the economy (except I will be paying taxes) again. All I want for Xmas is a nap.
I'm in your boat. Notice a lot of the prices on stuff we got a few years ago are now almost double? The Bernak takes all the credit for that.
Now is the time for the AIRING OF GRIEVANCES.
They can easily, via satellite, count the cars in the mall parking lots, but they can't count what folks are spending~
It is heated and lighted in there, and you can hang out.
Spend it before it's inflated away!
The Mrs & I are exchanging handguns. Then, we can go to the range together. I'll never again hear: "we never do anything together!"