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Holiday Spending Plans Collapse

Tyler Durden's picture




 

It seems, as Jim Quinn notes, the 99% are not cooperating with the 1% plan for economic recovery. As Gallup reports, average Americans plan on spending 10% less for Christmas gifts this year than last year. Not only that, but they are spending 19% less than they spent in 2007 and 18% less than they spent in 1999. The average American is spending less because they have less as the talking heads on CNBC and the rest of the MSM tell me that things are great. Opening stores on Thanksgiving will not save anyone and perhaps more critically, the last 2 times the November forecast for holiday spending slumped - the US entered recession!

 

 

(h/t @Not_Jim_Cramer)

 

and Jim Quinn's Burning Platform take on this...

So the stock market is at new all-time highs. GDP is at an all-time high, well above 2007 levels. Unemployment has supposedly fallen from over 10% in 2009 to only 7.3% today. Corporate profits are at all time highs. Wall Street bonuses are at all-time highs. The talking heads on CNBC and the rest of the MSM tell me that things are great. Interest rates, at least for some people and banks, are at record lows. Bernanke pumps $2.5 billion of heroin into the veins of Wall Street on a daily basis.

 

So why so glum average Americans? It seems average Americans plan on spending 10% less for Christmas gifts this year than last year. Not only that, but they are spending 19% less than they spent in 2007 and 18% less than they spent in 1999. Didn’t you people get the message? Stop with the goddamn austerity, whip out that credit card, and buy Chinese shit you don’t need with money you don’t have. Don’t you realize Wall Street bankers and mega-retailer CEOs are depending on your recklessness materialism to generate their $7 million bonuses?

 

It seems the 99% are not cooperating with the 1% plan for economic recovery. Maybe they are little depressed because their health insurance policy just got cancelled and their new Obama policy is going to cost 40% more. Maybe it is the $1,000 less the average household has to spend this year versus last year because the 2% Social Security tax reduction expired. Maybe it is because they lost their $80,000 per year job at Merck and are now working at the Dunkin Donuts across the street for $9.00 per hour – but they get free donuts at the end of the shift. Maybe it’s the fact that the real median household income is 10% below the level of 1999.

 

You see, reality is a bitch. Your owners can prop up the stock market and spew propaganda on the corporate media outlets, but they can’t create wealth for you. The average American is spending less because they have less. It really is that simple. And the less they spend, the more retailers will suffer. The JC Pennys, Sears, Radioshacks, Barnes & Nobles, Best Buys and many more will be forced to shutter stores, fire employees and in some cases file bankruptcy. You can smell the desperation among the mega-retail conglomerates. They over-expanded based on the delusional belief that this credit based fantasy could go on forever. They will pay the price.

 

Opening stores on Thanksgiving will not save their sorry asses. They fucked up and they will pay the piper. It’s a zero sum game. The average American is running on empty. The Wall Street/Hamptons crowd can not sustain the nation with their extravagant spending. I love the smell of desperation in the morning. It smells like bankruptcy and disgrace for delusional retail CEOs.   

 

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Fri, 11/15/2013 - 12:42 | 4158010 Glass Seagull
Glass Seagull's picture

 

 

This is where the planners attempt to extract a lb. of flesh from WTI, so as to "spur" holiday "spending"

 

Fri, 11/15/2013 - 12:45 | 4158029 King_of_simpletons
King_of_simpletons's picture

I want to shop till I drop. All this easy money is making me wanna spend, spend and spend.

Fri, 11/15/2013 - 12:50 | 4158056 NotApplicable
NotApplicable's picture

Of course, back in 2007, everyone still had sky-high credit card limits, and had yet to max their cards out.

Today? Not so much.

Fri, 11/15/2013 - 13:00 | 4158076 hedgeless_horseman
Fri, 11/15/2013 - 13:09 | 4158129 BoNeSxxx
BoNeSxxx's picture

I, for one, plan to spend $0 on Chistmas.

Nobody will get shit they don't want or need from me... in turn, i will liberate them from the need to buy me shit I neither want nor need.

I may bake some cookies with my wife and turn a good deed or two,... but that's it.

Fri, 11/15/2013 - 13:27 | 4158177 hedgeless_horseman
hedgeless_horseman's picture

 

 

i will liberate them from the need to buy me shit I neither want nor need.

It sounds like you feel that nobody buys you the shit you do want or need.  Is that right?

Fri, 11/15/2013 - 14:02 | 4158332 BoNeSxxx
BoNeSxxx's picture

I buy the things I want and/or need... I am not suggesting that thoughtful gifts are somehow offensive.

What I am suggesting is that exchanging gift cards with my brother-in-law out of some arcane sense of holiday quid pro quo is sheer idiocy. 

Fri, 11/15/2013 - 14:07 | 4158351 Skateboarder
Skateboarder's picture

I have found it most joyous to give equal weight to all instances of giving. GIving with a pure heart is one of the sweetest things.

Fri, 11/15/2013 - 14:23 | 4158417 Rubbish
Rubbish's picture

All I'm buying this Holiday Season is Gold/Silver/Food, if friends and family don't like the gift, to bad.  Someday they will thank me.

Fri, 11/15/2013 - 14:41 | 4158492 U4 eee aaa
U4 eee aaa's picture

Give them toilet paper for Christmas. If they thank you, they get it and you have found another ally. If they get insulted, don't let them rent your basement unless you think you can turn them before any trouble starts

Fri, 11/15/2013 - 16:43 | 4159003 Doubleguns
Doubleguns's picture

Rubbish excellent idea.

 

I see this whole fiasco as akin to the CPI issue. No inflation if we move from Filet to ground burger so there should be no dissapointment if we move our shopping from 5th avenue to wallmart or emergency essentials like Rubbish is doing. We still shopped the same number of hours and ate the same number of calories. All should be good.....according to the govt and there CPI way of thinking. 

Fri, 11/15/2013 - 14:42 | 4158420 hedgeless_horseman
hedgeless_horseman's picture

 

 

I am suggesting is that exchanging gift cards with my brother-in-law out
of some arcane sense of holiday quid pro quo is sheer idiocy.

How about making and exchanging ballistics cards?  Do you know his rifle's barrel length, ammunition choice, and scope reticle?  If you do, then all you need is excel, computer, internet access, printer, and a laminating machine.

Nothing says, "Season's Greetings!" like receiving a custom-crafted, beautifully laminated, ballistics card with reticle reference on the opposite side. 

Fri, 11/15/2013 - 17:24 | 4158558 BoNeSxxx
BoNeSxxx's picture

NOW we are tracking* Hedge.

 

*tracking as in 'on the same page'... not as in 'drawing a bead'.

 

And, for the record, anyone can buy me anything on the Hedgeless Horseman's Christmas list at any time... :-)

Fri, 11/15/2013 - 14:54 | 4158572 RaceToTheBottom
RaceToTheBottom's picture

I think shooting lessons would be a great gift.

Sat, 11/16/2013 - 13:20 | 4160566 mkkby
mkkby's picture

Our family will be having a truly luxurious xmas with the savings we're getting on affordable health insurance. 

Oh wait -- no xmas this year or any of the following.  No money left.  Thanks dems.  Thanks repugs.  I'm saving some rope and lead for you assholes.

Fri, 11/15/2013 - 15:33 | 4158737 Agent P
Agent P's picture

Dope dealer!!! 

Sat, 11/16/2013 - 21:48 | 4161565 Iam_Silverman
Iam_Silverman's picture

I get it.

Fri, 11/15/2013 - 14:28 | 4158437 James_Cole
James_Cole's picture

"Stop with the goddamn austerity, whip out that credit card, and buy Chinese shit you don’t need with money you don’t have."

Too bad if it's come to this.

Fri, 11/15/2013 - 14:09 | 4158367 smlbizman
smlbizman's picture

amen brother....visit friends and family, share good food and fuck the rest

Fri, 11/15/2013 - 18:21 | 4159347 Race Car Driver
Race Car Driver's picture

Women 'feel'. Men think. Feminization of our culture is a huge part of our problems.

FWIW, I junked ya for it.

Fri, 11/15/2013 - 13:53 | 4158300 Blano
Blano's picture

My kids will each get a C note, if that, since I'm unemployed.  Cash to survive is what they need the most.

Fri, 11/15/2013 - 14:09 | 4158365 Offthebeach
Offthebeach's picture

Indebting less?
What'ya some kind of terrorist or sumpthing?
You anti-Amerkin?
What in Sam Hill is wrong with you?
You want some little china kid to have to make Saudi donkey porn films to get older brother through NYU?

Please, think of the bond market. Think of the CDI traders. Don't you want them and their kids to enjoy their Vail/Bahamas Christmas?

Besides, not spending is a NSA red flag. ( could be...um..'rough' on you. Know what I mean? )

Fri, 11/15/2013 - 14:03 | 4158339 Freddie
Freddie's picture

Dude - you have a real **"fever" for an FAL.

** Fever - see Christopher Walken wanting more cowbell in Blue Oyster Cult sketch.  " I got a real fever for more cowbell!"

 

Elvis - Blue Christmas

http://www.youtube.com/watch?v=_fJXnM-KWlk

Fri, 11/15/2013 - 16:33 | 4158976 WillyGroper
WillyGroper's picture

There ya go Chuck, ah ah mean Freddie. Promoting that evil media again.
Bwhhhhhhaaaaa

Fri, 11/15/2013 - 12:58 | 4158091 Headbanger
Headbanger's picture

I've heard from friends in the skiing  business that reservations and rentals are way way down now as well.

Fri, 11/15/2013 - 12:59 | 4158094 Skateboarder
Skateboarder's picture

When you have to drop a hundo every time you visit the grocery store, that 'luxury ski trip' (for the now dismantled middle class) seems to be a few years away.

Fri, 11/15/2013 - 13:29 | 4158195 Headbanger
Headbanger's picture

Plus the increases in health insurance premiums

Fri, 11/15/2013 - 14:10 | 4158369 Freddie
Freddie's picture

When you have to drop a hundo every time you visit the grocery store, that 'luxury ski trip' (for the now dismantled middle class) seems to be a few years away.

A few Light Years away pal.

Fri, 11/15/2013 - 14:45 | 4158512 j0nx
j0nx's picture

This can't be. I keep hearing the government tell me that inflation is minimal and contained. Obviously you guys lie and are racist.

Fri, 11/15/2013 - 15:43 | 4158778 Pure Evil
Pure Evil's picture

OK, I'm a racist, I wouldn't lie about that.

Fri, 11/15/2013 - 17:03 | 4159071 Overfed
Overfed's picture

Back in 2007, I had a really good job in manufacturing. Today? Not so much.

Fri, 11/15/2013 - 13:01 | 4158102 Groundhog Day
Groundhog Day's picture

I convinced my BIG family that it didn't make sense for each family to buy gifts for every child in every household.  It is frustrating to know what they want, you spend less on each child as you have to buy so many presents and the time it takes to get and wrap all this stuff is a waste of time.  Conclusion: Elfster for the kids...I will be going from buying 18 presents to 6.  I can naturally buy better presents and save time and money.

Fuck you 1% and all you fuckin retailers that have made a mockery of the true meaning of giving and caring with your advertising.  i hope they all have dismal earnings and go out of business

Fri, 11/15/2013 - 13:48 | 4158275 Mr Kurtz
Mr Kurtz's picture

Have gone the Elfster route as well. Wife handles the logistics and the upside (for me) is instead of having to buy Christmas shit for twenty people for whom I other wise can't stand being in the same room with for more than twenty minutes, I'm now down to two. An otherwise 90% improvement in my holiday economy.

Fri, 11/15/2013 - 14:59 | 4158599 Snoopy the Economist
Snoopy the Economist's picture

We stopped buying gifts for extended family 10yrs ago. We still get together for the holidays - much better this way. I told my wife this year that we should not buy each other a gift but instead buy gifts for the needy children - still waiting for her reply.

Fri, 11/15/2013 - 16:35 | 4158986 FightingtheFed
FightingtheFed's picture

Regardless the finanicial raping of the Middle Class continues..

Obama and Congress turn  a blind eye like they don't understand..

So join the damn Orgy as the 1% continues to fuck the Middle Class.. While seeking to import 10s of millions of Mexicans and attain visas for millions of Asians and Indians in order to maintain there Margins in their Tech companies..

 

About time to burn the fucking place to the ground!

Fri, 11/15/2013 - 12:46 | 4158032 Upswaller
Upswaller's picture

"Disposable income" has been disp....  well, you know.

Thanks, Bernanke.

Fri, 11/15/2013 - 16:46 | 4159015 1223pm
1223pm's picture

We are planing to buy some meat to cook this Christmas.

Dec 17,2016

Fri, 11/15/2013 - 12:42 | 4158011 suteibu
suteibu's picture

I see deep, deep discounts. 

And a boon for Wal-mart and Dollar General.

Fri, 11/15/2013 - 12:59 | 4158095 SubjectivObject
SubjectivObject's picture

Deep discounts for ammo?

Dream on.  Probably the only thing Wallofmart won't discount.

Fri, 11/15/2013 - 14:35 | 4158467 Osmium
Osmium's picture

I picked up some Federal 9mm at Wally World the other day for $14.47/box.  Cheapest price I have seen in awhile.

Fri, 11/15/2013 - 14:47 | 4158521 j0nx
j0nx's picture

Still utterly outrageous compared to a year ago.

Fri, 11/15/2013 - 13:09 | 4158128 max2205
max2205's picture

Here's the shopping plan

 

Dine and dash

Flash mob at dept stores

 

Five finger discounts

Breaking into your house while you're at midnight xmas mass

Car hijacking

Apple picking

Ocare scamming

Bank hold ups

Home invasion

FREE SHIT ARMY WISHES YOU AND YOURS A FUCKED UP HOLIDAY....LATER BITCEZZZZ

Sat, 11/16/2013 - 13:25 | 4160572 mkkby
mkkby's picture

Yep, avoid crowded stores/malls ESPECIALLY WAL MART during the holidays or you might just end up in a dangerous situation.

Fri, 11/15/2013 - 12:48 | 4158012 yogibear
yogibear's picture

It's bullish in this market. It means more Fed QE by Bernanke and QEeen Yellen.

Wall Street layoffs coming should boost profits. Massive layoffs should send bullish signals to traders.

Fri, 11/15/2013 - 12:49 | 4158052 TheRideNeverEnds
TheRideNeverEnds's picture

I agree, this is super bullish news QEInfinity!!!!  I am surprised that we are only up a couple points.

 

I think most people are waiting for Yellen to announce her plans to quadruple QE. 

Fri, 11/15/2013 - 12:52 | 4158068 kralizec
kralizec's picture

More hookers & blow for the survivors.

 

Fri, 11/15/2013 - 14:44 | 4158504 Bindar Dundat
Bindar Dundat's picture

@KRALIZEC -- You must be a poker player.

 

Come to think of it the entire world is a freakin poker game!

Fri, 11/15/2013 - 12:46 | 4158033 firstdivision
firstdivision's picture

Does this mean I won't have a stocking stuffed with TWTR, FB shares and a banner that reades "S&P500 hits 2200"

Fri, 11/15/2013 - 12:46 | 4158034 LawsofPhysics
LawsofPhysics's picture

Moar "beating expectations" all the way down...

< meh > looks like lunchtime to me.

Fri, 11/15/2013 - 12:50 | 4158057 yogibear
yogibear's picture

The boys have that game well established. Keep knocking the expectations down and beating. It always works. Then hype it up.

Fri, 11/15/2013 - 12:51 | 4158038 One And Only
One And Only's picture

I want to personally thank obama and Bernanke for keeping the prices of homes artificially high and making them unaffordable to millions of Americans who would like to buy homes. Clearly these two men deserve 1 or more Nobel prizes for their efforts. Also the 1 trillion in government backed student loans has made college unaffordable and has put millions of students into debt that will take a generation to pay back so high five there.

Fri, 11/15/2013 - 12:54 | 4158074 PT
PT's picture

Hey!  We need to make education unaffordable - so people will be too stupid to figure out that they can't afford to buy anything!  Bullish!

Fri, 11/15/2013 - 13:09 | 4158125 FreedomGuy
FreedomGuy's picture

Actually, Obamacare, if not fixed will drag down the economy which will drag down home prices eventually. So, stay tuned.

Fri, 11/15/2013 - 14:03 | 4158334 Clark Bent
Clark Bent's picture

Don't omit the tons of foreclosures for forced placed insurance scams so that the big banks can get their government program goodies and pretend to give a shot about their ruination of the entire financial system. Oh, and also the negative interest rates have really been a boon to savers and those in retirement. 

Fri, 11/15/2013 - 12:48 | 4158047 corporatewhore
corporatewhore's picture

i am on the frontlines at my retail job.  i have detailed records going back 4 years tracking sales for every month.  The economy on main street is in a virtual collapse.  Of course, this may be limited to isolated geographical locations but enough dots can be connected from Detroit to California.  The phones hardly ring compared to what used to occur.

Our sales are down 30% from a year ago.  We must haggle to make a sale because of incredible price competition.  People are totally spent out and have zero cash reserves.  The most amazing aspect is that this lack of money is slowly creeping into those wealthier zipcodes we deal with.

Fri, 11/15/2013 - 12:52 | 4158064 uncle.bigs
uncle.bigs's picture

Retailers are reporting strong results.  Macys, Nordstrom, Kors, Tractor Supply, Buffalo Wild Turds....it runs across all economic spectrums.  You can argue valuations are extended but trying to argue results are weak is just plain false.

Fri, 11/15/2013 - 13:27 | 4158191 Jim Quinn
Jim Quinn's picture

BULLSHIT.

These were the headlines yesterday:

Wal-Mart Misses Revenue, Guides Below Expectations: FX, Slow Economic Growth Blamed

Kohl’s profit down 18% on weaker same-store sales

Nordstrom’s third-quarter profit falls 6.2%

 

Fri, 11/15/2013 - 15:17 | 4158669 Freddie
Freddie's picture

I visited a relative a few weeks ago and a new WMT was in a few towns over.  I stopped in the brand new store because I need a few things. I never go into WMT.

They have changed their format to a smaller dept store which is mainly a big grocery store.  It has a very small clothing offering, small electronics, car stuff, housewares, etc.  It is mainly a grocery store.

Why?  No one has money for anything now and it is all groceries bought with EBT cards.  It is all EBTs with Mexicans, other latinos and Obama's core voting base.  WMT is really just a old style bread line now.

Fri, 11/15/2013 - 13:44 | 4158252 corporatewhore
corporatewhore's picture

nordstroms reported on 11/14 that sales were soft.  Does that mean limp? flaccid? or totally dead if we're talking honestly?

Fri, 11/15/2013 - 14:33 | 4158457 ceilidh_trail
ceilidh_trail's picture

Hairy whanger, is that you?

Fri, 11/15/2013 - 16:33 | 4158977 SAT 800
SAT 800's picture

Good to know that Tractor Supply is doing well. I feel better already.

Fri, 11/15/2013 - 12:52 | 4158069 yogibear
yogibear's picture

No problem, CNBS and Balloonberg will spin it as a positive.

Fri, 11/15/2013 - 13:08 | 4158122 King_of_simpletons
King_of_simpletons's picture

Yup. The economy is so great that we need more QE.

"I am getting healthier because I am smoking more crack"

Fri, 11/15/2013 - 12:58 | 4158080 RockyRacoon
RockyRacoon's picture

Yeah, but....    Seems like the "gaming" industry is booming.   Old folks want their TV, middle range folks want their Netflix, and the younger folks want their games.  Although I hear that gaming is popular across the board actually, men and women included.   The couch potato is thrilled with the newest consoles and games being introduced.   Just more circuses?  Sure.  Deeper down the rabbit hole of avoiding confronting reality.

You can see that I'm out of the loop on this, so forgive the inept descriptions.  I gave up gaming when Asteroids, Galaga, Pacman, and others ate up all my quarters.

Fri, 11/15/2013 - 13:33 | 4158208 centerline
centerline's picture

I've always been a geek when it comes to games.  There are some really good ones.  And it is alot of fun.  But I wont fork over the money for the latest of anything.  

Fri, 11/15/2013 - 15:23 | 4158629 RaceToTheBottom
RaceToTheBottom's picture

I have cancelled my cable and gone back to antennas.  Am giving the gift to relatives and hooking them up to do the same. 

Hundred of dollars a year for cable when unemployed, underemployed or just damn poor is not good thinking...

Sat, 11/16/2013 - 13:31 | 4160580 mkkby
mkkby's picture

It makes no fucking difference how much you make.  TV is all commercials and reruns.  A total waste of your life.  But a retard like you just thinks it's too expensive.  Even free is too expensive.  You should be paid to watch ads.

Fri, 11/15/2013 - 13:01 | 4158101 formadesika3
formadesika3's picture

That's flyover country. Gives the rest a bad name.

Fri, 11/15/2013 - 15:31 | 4158704 Freddie
Freddie's picture

I have seen the exact same thing.   The Obama effect keeps creeping up to the upper middle class - many who voted for him.

I used to play golf by myself at a local muni course which was good and very cheap.  If you walked, you could play for about $10 to 11 in the afternoon. I might play one day a week.

I remember pretty much putting all the pieces together during the 2008 campaign when Goldman, Morgan Stanley, Obama's hedge fund pals and Chicago exchanges were killing off one bank after another including Lehman.  One afternoon a few months before elections of 2008 while playing - I knew the USA as I knew it was over. Possibly forever. 

I watched older golfers dwindle away month by month.  Zero interest rates killed their income.  Each month since 2008, I watched as the place became more and more empty.  I stopped playing myself even though I could afford it.  

I played about a month ago and it was like a ghost town.  It was ideal because no idiots in front or behind.  I should have enjoyed it and was thrilled but the fact no one was there was very creepy.   I almost left early because it is no fun when you know you are in a full out depression.  You almost feel guilty that you can afford to play.  The few people out there are Obama types who probably have a govt job.

I drive past the course and it is very emply even on weekends.  Things are very bad.

Fri, 11/15/2013 - 16:39 | 4158998 SAT 800
SAT 800's picture

Very Bad? You're an optimist. WE have the Worlds' biggest Sub-Division, here, in Hawaii. Or so they say. It looks like the hollywood version of a Neutron Bomb. Houses, but no people. We used to have three real-estate offices; now. Zero. Empty store-fronts. Don't bother with the "for rent" sign, nobody is going to call you. Very interesting.

Fri, 11/15/2013 - 19:58 | 4159580 Freddie
Freddie's picture

Huh?  Hawaii's in the tank?  Wow.  I guess Hawaii is getting a bit of karma for covering for Barry Soetero.  Another creepy corrupt state with corrupt politicians.

Sat, 11/16/2013 - 13:33 | 4160584 mkkby
mkkby's picture

Hawaii is in the tank mainly because the Japs are.

Fri, 11/15/2013 - 17:21 | 4159159 Ying-Yang
Ying-Yang's picture

"I played about a month ago and it was like a ghost town."

Nope... you just went on a day when Obomber was playing the back nine.

Fri, 11/15/2013 - 12:49 | 4158051 NotAMathWhiz
NotAMathWhiz's picture

He's an angry elf...

Fri, 11/15/2013 - 12:49 | 4158053 uncle.bigs
uncle.bigs's picture

This is a joke.  Holiday spending hits a new record every year and this year will be no different.  Morons will be lined up at the stores just as always.  Americans are dumber than a box of rocks and they aren't getting smarter.  I expect record retail sales for the holidays.

Fri, 11/15/2013 - 14:10 | 4158373 corporatewhore
corporatewhore's picture

well, i will be spending sunday working one of my other 2 jobs at a major retail store--yes in 2008 my employer eliminated me and at my age I was lucky to find 3 jobs to work so I could eat and survive--, lots of locations and has been disastrously managed over the past twelve months and is rumored to be barely surviving.  The shelves are stocked to look healthy and coupons are attracting the coupon whores once again.  But can you make money when you've discounted the shit of about almost everything in the store except the few mannequins?  I want to see some heavy duty store shopping to be able to say this economy is turning around.  I'll give it to Christmas Eve to see if this store survives. 

 

Fri, 11/15/2013 - 14:34 | 4158464 Cursive
Cursive's picture

@coproratewhore

Allways interested to hear on-the-ground stories.  What type of retail is it?  National or regional brand?  And are we talking Northeast, Mid-West, Mountain West, Pac West, California or South?  I don't work retail, but I see slow everything here in Louisiana, but I live in a back water.  Baton Rouge and Lafayette are pretty hot, the rest of Louisiana not.  I also think cyber shopping is killing brick-and-mortar.

Fri, 11/15/2013 - 15:01 | 4158603 corporatewhore
corporatewhore's picture

this is a former major city

Job 1--local , commodity needed by almost anyone who drives.  sales in trashcan. phone not ringing.  suppliers state business horrible so it's not just us.

Job 2--national retail, local store. Xmas is make it or break it. 

Job 3--local.  when a customer tells me how great it is the price has dropped, I remind of them that deflation is a killer and it's coming their way.  Merry Xmas!  Nothing like spreading joy to an idiot suburban housewife.

Fri, 11/15/2013 - 15:25 | 4158699 Cursive
Cursive's picture

@corporatewhore

I will look for your posts in the future.  Good luck and God bless.

Fri, 11/15/2013 - 15:39 | 4158766 Freddie
Freddie's picture

Former major city?  Sounds like Detroit.

When Obama was elected - I knew it would be half Mugabe and Zimbabwe and half the break up of the USSR and communist Eastern Europe.

It is like when USSR and Eastern Europe broke up - people would show up and bankrupt factories to work.  The factory produced junk that was not exportable. The people just showed up because they had nothing else they could do.

This is OBama's America.  Your TV and Hollywood viwership supports him 100%.

Fri, 11/15/2013 - 16:57 | 4159055 WillyGroper
WillyGroper's picture

More cowbell

Fri, 11/15/2013 - 14:36 | 4158473 ceilidh_trail
ceilidh_trail's picture

JCP alumnus?

Fri, 11/15/2013 - 12:49 | 4158054 bagehot99
bagehot99's picture

Uh oh.

Looks like the media happy talk isn't convincing anybody.

Buy ammo.

Fri, 11/15/2013 - 12:55 | 4158079 yogibear
yogibear's picture

Dollar  stores and Aldi are busy. Consumers spent out is a reality now.

Fri, 11/15/2013 - 13:18 | 4158165 dobermangang
dobermangang's picture

I love shopping at Aldi.  You save lots of money.  Can't beat that $2 gallon of milk at my store.  Their canned vegetables are a great value too. 

Fri, 11/15/2013 - 13:48 | 4158270 codecode
codecode's picture

Great eggs too. They've been great for keeping the other stores in the area competitve. Aren't they German owned...

Fri, 11/15/2013 - 14:38 | 4158482 ceilidh_trail
ceilidh_trail's picture

Yes- German owned. They have American HQ in Illinois.

Fri, 11/15/2013 - 20:08 | 4158824 Freddie
Freddie's picture

Privately owned by the Albrecht family.  A mom and her two young sons founded it post WW2 in Germany.  My guess is the dad died in the war.  They just opened a small shop and worked hard.  They are a Catholic family. Very shy and reclusive.

Aldi's prices are so low that Wal Mart folded up their tent and left Germany.  Aldi also owns the sort of gourmet Trader Joes which also has bargain prices and customers love the place. Sort of like a smaller Whole Foods type format.

I have relative who lives near a Trader Joes. They love it and it is always packed.  She spoke to some of the employees and they say they are treated well.   They are always plesant and appear to enjoy working there.  My guess is the pay is above average.

Aldi and Trader Jones seem to have pretty high quality stuff because the Germans are picky on quality including food.  The gallon milk is $1.99 and have no hormones.   Their prices are much lower than WMT and they sell their own private label brands.

Fri, 11/15/2013 - 12:50 | 4158062 PT
PT's picture

If only the banks could get some more free money,...  the average yob might be able to borrow it and buy shit they don't need that breaks all the time.

Actually, there might be enough dunces out there to make that plan work.  But don't repossess the goods when they can't make repayments - that tends to de-motivate them.

Fri, 11/15/2013 - 12:51 | 4158063 Agent P
Agent P's picture

I'm planning on spending a lot more this year, because all the kids are getting new health insurance policies for Christmas. 

Fri, 11/15/2013 - 12:52 | 4158065 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

You know the fun is starting when you go to buy a crockpot on Amazon and their recommendation system shows at high percentage of people who also bought crockpots viewed and/or also purchased boxes of nails and ball bearings.

I bet prepper supply businesses will do well this holiday.

 

Fri, 11/15/2013 - 13:57 | 4158308 rosiescenario
rosiescenario's picture

"Those who purchased the Maxi CrockPot also purchased the recipe book, "100 Ways to Prepare RoadKill"...

Fri, 11/15/2013 - 16:45 | 4159014 SAT 800
SAT 800's picture

LOL. Reminded me of when my British Girlfriend brought home a paper back cook-book titled, "How to Cook Japanese". We both cracked up over that one.

Fri, 11/15/2013 - 12:53 | 4158071 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

They know they have to take throttle off the hopium, skittles shitting, rainbow farting unicorn propaganda since the people are hurting and lying too much is going to blow up in their faces.

Fri, 11/15/2013 - 13:47 | 4158268 forwardho
forwardho's picture

While the propaganda says thing are looking great.

The reality for me is that the sh-t has already hit the fan.

Selling my belongings to pay for electricity, food and gas puts me in the holiday spirit.

Though at times it may seem so, I don't believe that I am part of a small insignificant % of the population.

Fri, 11/15/2013 - 14:05 | 4158329 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

You are not. Depends where you are you see higher concentrations than in other areas. I've already told my family members if they want to buy me Christmas presents either go talk to the local food banks, find out what they are short on and go buy what they need with that money they planned to spend on gifts and donate it that way instead. Either that or let me take care of it directly this year, just pool the money together and give ahead of the holidays so it can be applied when it is needed most for others.

I am trying to convince them to do the same with each other except for the little kids. If they do great if they don't I can at least say I tried but I can't force people to do things only make a case for how and why. Hopefully more people will voluntarily apply that consumer spending in a more productive and humanitarian fashion locally this year.

Fri, 11/15/2013 - 14:22 | 4158413 Canuckistan Al
Canuckistan Al's picture

This is the third year running that I attempted the same conversation with the whole family. Result dumbfounded looks, eye rolls and the usual distain. Then come Xmas morning, lots of useless Chinese crap under the tree that sits in the closet until fall yard sale time.

Fri, 11/15/2013 - 15:07 | 4158636 BigRedRider
BigRedRider's picture

The U.S. just needs not to shoot a rocket to some far away planet that can never be inhabited and spend the money feeding the poor in America.  That and the money they give to Egypt will keep all the food banks in America stocked to the eye balls.  But no, lets blow the budget and go starry-eyed looking for Shangri LA while the world goes to Hell in a handbasket.  But that won't happen until Jugears Obamination decrees it.  Some fucking community activist he is.  DON'T MENTION OBAMA'S NAME IN MY FACE.  I'M TIRED OF PUKING.

Fri, 11/15/2013 - 18:08 | 4159302 StychoKiller
Fri, 11/15/2013 - 12:54 | 4158075 pazmaker
pazmaker's picture

I'm spending more.....I have five kids to buy for.. last year I spent $50.00 on each, this year I told the wife we can spend $55.00 on each.

Fri, 11/15/2013 - 13:00 | 4158097 RockyRacoon
RockyRacoon's picture

So, inflation factored in, you are spending less than before.   Congrats!

Why not just give the kids the cash and let them see how far it (doesn't) go.  A good lesson.

Fri, 11/15/2013 - 13:40 | 4158238 pazmaker
pazmaker's picture

Good Idea Rocky, but they all have a job except the 5 yr old and they have learned that lesson already. I did buy the $20 for $20 from the Canadian mint  $20 denominated silver coin for $20 with Santa Claus on it for  stocking stuffers.

Fri, 11/15/2013 - 14:02 | 4158330 Blano
Blano's picture

That's what I'm doing Rocky, just giving each kid a C note, since cash is what they need most.  If I can afford it that is, as I'm unemployed.  Oh well.

Fri, 11/15/2013 - 13:13 | 4158136 NIHILIST CIPHER
NIHILIST CIPHER's picture

Paz               My family has a $20.00 limit for adult gifts for Christmas. Believe it or not we always get something really nice and everyone is happy just to be together and have a nice dinner on Christmas eve and Christmas day. It takes alot of creativity to find a great gift for $20.00. We are upper middle class and could afford to buy pricey gifts but that's not what it is all about. Since we all live a long distance apart, we are just glad for the chance to spend the time with each other. The notion of spending yourself into debters hell is for the suckers.......join us this year and bust this bankster run system.

Fri, 11/15/2013 - 13:44 | 4158251 pazmaker
pazmaker's picture

That's a good idea but we actually spend very little as well .   I only buy for my wife, my mom, my mother in law, and my five kids.  We just share time and memories with all extended family.

Fri, 11/15/2013 - 12:55 | 4158077 El Tuco
El Tuco's picture

Yesterday I spoke with a large trucking company that is typically incredibly busy and they told me everything just dropped off a cliff. It was like from one day to the next. So is it an anomaly or is it something changing? typically you would think Christmas is a busy time of the year for Transports.

Visited a very large logistic warehouse. Very slow for a Friday. Not to many containers to destuff. All kind of interesting whether there is something bigger happening or just a slow Friday for them. Hard to judge but the next couple of months may be interesting.

Not spending shit this Christmas. Taking care of the kids and that's it.  

Fri, 11/15/2013 - 13:30 | 4158199 sschu
sschu's picture

Anecdotally we saw the same thing about 6 weeks ago.  Our backlog was significant in August and September, but is nearly nothing right now.  About a month ago the phone stopped ringing.

This Obamacare thing has consumers and small business seriously spooked.  For good reason too.  

sschu

Fri, 11/15/2013 - 13:50 | 4158284 quasimodo
quasimodo's picture

That would dovetail with what I have witnessed lately as well with a large shipment of product we get in monthly.

This summer the dispatcher was always told at least a week out to line up something, now the past two months I have had them show up within a day of the order being filled. I also told them I won't pay the bullshit $50 fee to back up to another building three blocks away from the first drop, when the trucker never gets his ass out of the cab to begin with. They told me "no problem, the fee will be waived"

 

Fri, 11/15/2013 - 17:07 | 4159092 WillyGroper
WillyGroper's picture

Price of gas isn't going to help this year. They've killed the goose.

Fri, 11/15/2013 - 18:55 | 4159437 StychoKiller
StychoKiller's picture

BDIY closed @1,517.00, down 14.00 today.  Long ways to go to get to the bottom of the yearly range right now.

Fri, 11/15/2013 - 12:56 | 4158082 SubjectivObject
SubjectivObject's picture

10% less !? 

They're still phukken clewless.

How about 90% less and what remains for charity, or alcohol and food at parties.

For years, my only kind of christmess gift has been gift cards to liquor stores, and with the christmess card so it arrives before the chump day.

Fri, 11/15/2013 - 13:05 | 4158115 BlueCheeseBandit
BlueCheeseBandit's picture

I never spent money at Christmas. Before it was just 'cause I'm a cheap motherfucker. Now it's a political protest.

Fri, 11/15/2013 - 12:56 | 4158084 lynnybee
lynnybee's picture

in 1980's i earned over $15/hr with benefits & houses cost 1/2 of what they do today.   i had a savings account that paid interest.   I'M NOT SPENDING A GDAMN penny in protest.  NOTHING! NADA! NICHEVO! ZIP! ZERO (like the interest rates).    Walmart & even Costco can shove it (too bad, cause i really like Costco).   whatever paper currency i get in my hands goes for supplies.  

END the FED is my Christmas lighting motif this year in my front yard.

Fri, 11/15/2013 - 13:02 | 4158105 RockyRacoon
RockyRacoon's picture

Hey!  Good to see you here.   Keep up the good fight.

Fri, 11/15/2013 - 13:44 | 4158250 Cruel Aid
Cruel Aid's picture

Allright Lynnybee,

Are your people paying attention yet?

Fight the good fight.

Fri, 11/15/2013 - 16:50 | 4159029 SAT 800
SAT 800's picture

YOU TELL 'EM LYNNYBEE!

Fri, 11/15/2013 - 17:10 | 4159105 WillyGroper
WillyGroper's picture

ETF lites great idea LynnyBee

Fri, 11/15/2013 - 12:58 | 4158088 BlueCheeseBandit
BlueCheeseBandit's picture

No Christmas in the New United Crony Capitalist Plantations of America.

 

Pick the cotton, motherfuckers.

Fri, 11/15/2013 - 14:20 | 4158404 Big Johnson
Big Johnson's picture

Guys I wish that you could spell the word correctly given the current administration... It's Mutherfucker... With a U

Fri, 11/15/2013 - 12:59 | 4158093 centerline
centerline's picture

I know that my family is pulling back this year.  No choice really.  Cost of living keeps going up.  Food/consumable budget is the smoking gun.  Right behind that is the insurance category.  Something has to give, so the discretionary income takes a hit.

Too bad we are primarily a consumer economy.  Deflationary spiral anyone?

Fri, 11/15/2013 - 13:09 | 4158127 dobermangang
dobermangang's picture

I expect lots of good sales after Christmas.  There should be plenty of inventory left over.

Fri, 11/15/2013 - 17:10 | 4159103 ElvisDog
ElvisDog's picture

I'm in the position where paying for my son to go to college without student loans consumes 60% of my after-tax income. That's why I'm not spending much this Christmas.

Fri, 11/15/2013 - 13:00 | 4158098 venturen
venturen's picture

I bet party planner for financial theifs is going gangbusters. Let's #askJPM

Fri, 11/15/2013 - 13:00 | 4158099 moneybots
moneybots's picture

"Not only that, but they are spending 19% less than they spent in 2007 and 18% less than they spent in 1999. The average American is spending less because they have less as the talking heads on CNBC and the rest of the MSM tell me that things are great.

 

Things are great for the .01%.  The wealth effect however did not trickle down to most of the 99%.

Fri, 11/15/2013 - 13:05 | 4158116 Emergency Ward
Emergency Ward's picture

Trickle-up Obamanomics.  It's all smiles on his end.

Fri, 11/15/2013 - 14:13 | 4158382 Clark Bent
Clark Bent's picture

Doubtless the Holiday season will be epic in the counties surrounding the Beast, i.e. Washington D.C.

Fri, 11/15/2013 - 16:52 | 4159039 SAT 800
SAT 800's picture

I'm sure. Govt. employees don't need you; and they expect the same from you.

Fri, 11/15/2013 - 16:43 | 4159007 Freddie
Freddie's picture

Unplug TV and Hollywood.   Why people spend money to support these criminal media liars is beyond me.

Fri, 11/15/2013 - 17:13 | 4159126 WillyGroper
WillyGroper's picture

More cowbell
MOOOOAR COWBELL

Fri, 11/15/2013 - 13:04 | 4158100 daemon
daemon's picture

 

 

"You see, reality is a bitch."

And a very expensive one at that .

Soon to be affordable only to Jamie Dimon & co . 

Fri, 11/15/2013 - 13:06 | 4158117 worldofdebt
worldofdebt's picture

It's a WORLD OF DEBT!! See the funny music video below "WORLD OF DEBT":

https://www.youtube.com/watch?v=99xsqxzJnXs

Fri, 11/15/2013 - 14:40 | 4158486 Non Passaran
Non Passaran's picture

Fuck you, fucking spammer

Fri, 11/15/2013 - 13:07 | 4158119 dobermangang
dobermangang's picture

The only things selling well in this depression are guns, ammo, lotto scratch off tickets,  Duck Dynasty T-Shirts at Wal-Mart and Grand Theft Auto V.   I was at my local Wal-Mart yesterday morning.  The place was deserted.  It was almost scary seeing nobody in the store.

Fri, 11/15/2013 - 13:47 | 4158267 corporatewhore
corporatewhore's picture

EBT wasn't working yesterday.  Give me my money bitch.

Fri, 11/15/2013 - 13:08 | 4158121 Billy Sol Estes
Billy Sol Estes's picture

People are already lining up for the midnight opening of Dollar General on Thanksgiving here in Texas.

Fri, 11/15/2013 - 14:07 | 4158353 Blano
Blano's picture

I might pull a first and head over to the Walmart in Arlington across from Cowboys Stadium at 5am just to see the riots live and in person.

Fri, 11/15/2013 - 16:48 | 4159024 Freddie
Freddie's picture

Maybe TO can get a job there as a greeter.

F the Cowboys, the NFL, TV and EBT-Mart (formerly known as ChinaMart)!

Fri, 11/15/2013 - 13:11 | 4158133 lynnybee
lynnybee's picture

it's a shiney metallic christmas.

Fri, 11/15/2013 - 13:12 | 4158134 edifice
edifice's picture

S.O. and I are buying each other precious metals this year.  I want the 2013 gold Panda, and she wants a Singapore Rabbit.  Hers will cost more. :P

Fri, 11/15/2013 - 13:15 | 4158147 ZeroPoint
ZeroPoint's picture

Yet gun sales are through the roof.

 

Welcome to the jobless recovery, in a has been country which had it's economic engine gutted. No manufacturing, no future. No middle class, no future. No rule of law, no stability. No freedom, no peace.

 

 

Fri, 11/15/2013 - 16:22 | 4158929 cossack55
cossack55's picture

You bet.  The Frau is getting a new Mossberg 12 guage and I know I'm getting many boxes of 3 1/2# magnum OOBK and slugs.

Fri, 11/15/2013 - 13:15 | 4158148 Seasmoke
Seasmoke's picture

Fuck You Santa Clausberg.

Fri, 11/15/2013 - 13:20 | 4158169 El Hosel
El Hosel's picture

Raise your hand if the "Wealth is Affecting" you. Pass the Fairy Dust... Bitchez.

Fri, 11/15/2013 - 16:57 | 4159054 SAT 800
SAT 800's picture

Actually it's kind of nice to be able to drive for MILES through our huge Sub-Division; be the only car on the road. Somehow, I doubt if it's a good indicator for the economy, tho. Starting to run out of Fairy Dust, too; more people all the time are saying, WTF?

Fri, 11/15/2013 - 13:15 | 4158151 moneybots
moneybots's picture

"Opening stores on Thanksgiving will not save their sorry asses."

 

If a person has $100 dollars to spend on gifts, the stores won't get any more than the $100 dollars.  Stores open on Thanksgiving might pull that money into their pocket, as opposed to one which isn't, but the person might well have planned to shop there anyway on Black Friday or some other day before Christmas, thus only pulling the sale forward a day or so.  net effect- ZERO hedge. 

 

Fri, 11/15/2013 - 13:18 | 4158162 Burticus
Burticus's picture

If you must give Christmas gifts, possibly as an alternative to facing the wrath of a female consort who has bought into the commercialization meme, while still "starving the beast" & its corporate parasites and putting more heat on the bankster cartel's leveraged shorts, give SILVER!

Fri, 11/15/2013 - 14:09 | 4158361 Blano
Blano's picture

If you must give gifts to avoid the wrath of your consort, you might want to consider ditching said consort.

Fri, 11/15/2013 - 16:50 | 4159033 STP
STP's picture

That was my third ex-wife!  Every diamond ring commercial brought nasty comments and I finally gave in and married the bitch.  It didn't last long and now I have nothing (except my two Corvettes and my dog) and she has everything.  But guess who's happy and guess who's still miserable?

Fri, 11/15/2013 - 16:58 | 4159058 SAT 800
SAT 800's picture

Your Dog. I'm guessing your dog is still happy. How much did I win?

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