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Black Friday Shopping Like There Is No Tomorrow?

Tyler Durden's picture


By now the broader population has been inundated with reports of what a stunning retail experience Black Friday was. And for those who haven't just head over to CNBC: "Sales rose an estimated 6.6 percent to a record $11.4 billion on Black Friday, typically the busiest shopping day of the year for Americans, while the traffic at stores rose 5.1 percent, according to ShopperTrak. The day's sales growth was the strongest percentage gain since 2007, when sales rose 8.3 percent on the day after Thanksgiving, said Ed Marcheselli, chief marketing officer at ShopperTrak, which monitors retail traffic." This is happening despite the savings rate recently dropping to pre-Depressionary level, and despite revolving consumer credit (as in not cars and colleges), continuing to contract. That there is more than enough fine print will be largely irrelevant for the mainstream media which will naturally trumpet this as the next best thing to the S&P actually rising for once: "More than 120 stores at the Mall of America opened at midnight. The crowd at that point was about 15,000 people. Mall operators estimated that it was the largest crowd ever at the mall, which is big enough to hold seven Yankee Stadiums. While eager shoppers emerged from stores around the country lugging big-screen TVs and bags full of video games and toys, it was far from certain that people will pull out their wallets for much more than the best deals this year. Shoppers with limited budgets started using layaway at chains such as Walmart as early as October. Retail shares fell more than the overall market on Friday. "Americans are still worried about jobs, still worried about the economy," said Mike Thielmann, group executive vice president at J.C. Penney, who noted that shoppers were buying gifts and for themselves, and said jewelry was selling well." Yet what really caught our attention was the Retail Group comparison of this "record" black Friday Weekend. From Bloomberg: 'RETAIL GROUP SAYS SECOND-BEST BLACK FRIDAY WEEKEND WAS IN 2008." As a reminder, Thanksgiving 2008 happened just after a nearly 400 point plunge in the S&P in two months as can be seen in the chart below. Which begs the question: with the world on the verge every single day once again, is it a coincidence that people spent more than they did only compared to 2008 when the world was once again ending. In other words, did Americans really spend "like there is no tomorrow" (more so than ever that is)... and what happens when the bill (because there is no doubt the purchasing was entirely on credit) is in the mailbox?

S&P heading into Thanksgiving 2008: must have done miracles for consumer confidence and desire to spend...

And for those who like comparative charting, is the action in 2008 predicting something very ugly for the immediate future, now that Joe Sixpack has spent themselves broke?

And some other indicative headlines from the Retail Federation courtesy of Bloomberg:


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Sun, 11/27/2011 - 16:37 | 1918528 Franken_Stein
Franken_Stein's picture

It's time to confound their knavish tricks.

Sun, 11/27/2011 - 17:09 | 1918645 Bodhi
Bodhi's picture

I spent a lot of time slumming at some of the Black Friday web sites.  Personally I haven't spend a dime yet, but amongst the regulars they all seem to agree that there was a lot of 'noobs' this year. 


Many showing up just to see what all the fuss was about.   Not spending, just obeying what the tv told them they should be doing.


Sun, 11/27/2011 - 17:21 | 1918672 I think I need ...
I think I need to buy a gun's picture

aprox $2600 of that was me....i bought an ounce and a half

Sun, 11/27/2011 - 18:55 | 1918924 WhiteNight123129
WhiteNight123129's picture

I bought 403 ounces of Gold in the last couple of weeks, I was busy on thrusday I guess it does not count... pfff. fuck money markets and equity markets never bottoming (they will at one point Adam Smith ALWAYS rules, a good man by the way, in framework of economics his rooted  in moral philosophy). The powerful psycopaths think nothing can happen to them? They should think twice. Mussolini ... hanged upsidedown. Hitler.. killed himself.  Napoleon .... exiled in a shit hole. Julius Caesar... murdered.  Stalin... heart attack in his bunkerized bedroom noone heard his call for help.

Sun, 11/27/2011 - 17:35 | 1918710 DosZap
DosZap's picture

Already told ya a few days ago.

Americans cannot DO WITHOUT binging at the malls, and stores for NO more than 2-3yrs,before they go NUTS.

This is a Normal Cycle for them.

Their phylosophy is, Ok, I have done w/out, long enough.

Sun, 11/27/2011 - 17:54 | 1918766 Carlyle Groupie
Carlyle Groupie's picture

I believe in your argument Zapster. It's well reasoned and reflects the pampered nature of the American consumer.

The American consumer will surprise their retail hosts this year.

Sun, 11/27/2011 - 22:09 | 1919660 The Big Ching-aso
The Big Ching-aso's picture



Well I do know for a fact that pepper spray sales this Friday were hot and heavy.

Sun, 11/27/2011 - 18:16 | 1918818 AbelCatalyst
AbelCatalyst's picture

90% of people have no idea what is going on in the financial world... I sat around a Thanksgiving table and all they could talk about was the amazing rates they're getting on home equity loans. It's a joke. No clue. One was talking about a bridge loan - imagine carrying two mortgages in this environment?? Wtf?? It's shocking - I guess ignorance is bliss until it bites you in the ass and you beg for help! How could we have known this was coming? It's not our fault we were not prepared... Read the story of the two sets of virgins in the Bible - history repeats over and over and over again!!! Asleep at the switch!!

Sun, 11/27/2011 - 18:24 | 1918843 I think I need ...
I think I need to buy a gun's picture

i had a semi reunion...same thing they all thought we were out of it and things were getting

Sun, 11/27/2011 - 18:37 | 1918878 lotsoffun
lotsoffun's picture

abelcatalyst - you seem to be a prudent man.  but - for many (most?) - there is no downside for running up massive mortgage debt and not paying it back.  you can live 2 - 3 years without paying a month of mortgage - and home equity is no recourse.  in the meantime - whatever money you do have to spend - papa johns delivery while purchasing i-whatever upgrades.  and that IS what obama wants.  the taxpayers already own FH/FN and will soon own countrywide, and that's about all the mortgages in the US.  so obama wants you, fat, happy, buying and keeping china happy also.  and markets up.  FH/FN are no longer in the market scores.  BAC at 5 is no longer in the market scores.


Sun, 11/27/2011 - 16:39 | 1918537 SteveNYC
SteveNYC's picture


SteveNYC spend = $0

Sun, 11/27/2011 - 16:43 | 1918551 cowdiddly
cowdiddly's picture

Cowdiddly, well Zero

Sun, 11/27/2011 - 16:45 | 1918563 French Frog
French Frog's picture

But remember that in a bankster's world 0 + 0 = more than 0, so it's positive nonetheless

Sun, 11/27/2011 - 18:53 | 1918830 peekcrackers
peekcrackers's picture

If a crapy plastic trinket falls off on the forced child  sweat shop labor table and on dirt floor and  there is no American around to hear it , does it still make a noise?

Sun, 11/27/2011 - 23:31 | 1919848 hidingfromhelis
hidingfromhelis's picture

If Lawrence Yun of the National Association of Realtors is there to tell us it's bullish for a housing bet it does!

Sun, 11/27/2011 - 16:46 | 1918569 Carlyle Groupie
Carlyle Groupie's picture

CG, ~$6500.

Sun, 11/27/2011 - 16:51 | 1918584 Carlyle Groupie
Carlyle Groupie's picture

Unfortunately, this video is not available in Germany because it may contain music for which GEMA has not granted the respective music rights.

Send me a private message and tell me about it. ok?

Sun, 11/27/2011 - 16:53 | 1918591 Almost Solvent
Almost Solvent's picture

Spent some FRNs @ Century Liquor (Danny Wegman empire) on discounted cases of wine - fuck the electronic crap, I want to enjoy some vino for my FRNs.

Sun, 11/27/2011 - 17:05 | 1918626 smlbizman
smlbizman's picture

and i betcha that the default rate on all momo credit purchsaes are realistically in the 18-23% about 20% of the 99% got 100% of there junk "free"

Sun, 11/27/2011 - 17:32 | 1918702 Hulk
Hulk's picture

Hulk spent zero. Hulk not going to spend a dime this year, the spectacle has so disgusted me...

Sun, 11/27/2011 - 18:25 | 1918848 JPM Hater001
JPM Hater001's picture

Yes, and dont get angry...

Sun, 11/27/2011 - 18:33 | 1918866 Hulk
Hulk's picture

Next time I get angry, I'm headed to the coal bin to make diamonds...

Sun, 11/27/2011 - 17:55 | 1918760 SheepleLOVEched...
SheepleLOVEcheddarbaybiscuits's picture

funny, I went to a bookstore yesterday and it was filled to the brim with books! people just buying worthless junk this holiday season like margaritaville makers. I remember when i was a kid in the 90's(I'm 26), I asked for books instead of junk or toys. Those days are long gone lol. Amerika is becoming more comatose by the minute. The majority of the populus cares about 4 things 1. what kind of car they drive 2. designer clothes 3. electronics 4. what they can watch on tv

Mon, 11/28/2011 - 08:23 | 1920382 DrunkenMonkey
DrunkenMonkey's picture

Bullish for power companies then ?

Sun, 11/27/2011 - 18:39 | 1918884 lotsoffun
lotsoffun's picture

yo stevenyc - i'm a size 16/36 shirt.  i likes nice puffy daddy designs.  i like pouilly-fusse (i like folly-pussy better).  come on big guy.  step up.  not spending is not american.

Sun, 11/27/2011 - 19:05 | 1918961 WhiteNight123129
WhiteNight123129's picture

Well done: boycott BS consumerism. Now what you have is scrapping the bottom, people so tight that they use the discounts to buy what they could not buy otherwise.


Mon, 11/28/2011 - 03:22 | 1920252 mkkby
mkkby's picture

Mkkby - $0.  Fuck xmas and all the fake retail holidays. 

All the mindless shopping a-holes with no savings are going to be pepper spraying each other for that walmart greeter job when they're 90.  Mkkby will be retiring in comfort.

Sun, 11/27/2011 - 16:40 | 1918540 French Frog
French Frog's picture

Why worry about tomorrow when there's already so much to worry about today ?!

Sun, 11/27/2011 - 16:41 | 1918542 BW
BW's picture


Sun, 11/27/2011 - 16:58 | 1918610 zerozam
zerozam's picture

Exactly! New "record" every year!!!

Sun, 11/27/2011 - 17:41 | 1918730 ghengis86
ghengis86's picture

Don't you have to spend your FRNs as soon as you get them in an inflationary environment with negative real savings rates, especially if you're a sheeple and haven't heard of PMs?

Sun, 11/27/2011 - 18:20 | 1918828 BW
BW's picture


Sun, 11/27/2011 - 16:41 | 1918544 surf0766
surf0766's picture

The mall near me is empty. Both with people and stores. I can't see any increase.

Sun, 11/27/2011 - 16:42 | 1918546 homer8043
homer8043's picture

So basically, retailers stuffed their holiday sales into one weekend at a lower margin. Yawn. Back to watching the global economic collapse.

Sun, 11/27/2011 - 16:42 | 1918547 NumberNone
NumberNone's picture

Mike Thielmann, group executive vice president at J.C. Penney, who noted that shoppers were buying gifts and for themselves, and said jewelry was selling well."...maybe someone should clarify for the masses that jewelry gold bought at retail is not an investment.  

Sun, 11/27/2011 - 17:50 | 1918758 Alpha Monkey
Alpha Monkey's picture

maybe in a few years... I priced some recently, the price of gold would have to almost tripple for anything crafted with 24K.

Sun, 11/27/2011 - 18:59 | 1918943 Bobbyrib
Bobbyrib's picture

Actually, I bought one peice of gold jewelry (on sale) as a hedge against the threat of confiscation. Sure it costs me three times as much, but it's better to have legal "currency" when TSHTF.

Sun, 11/27/2011 - 22:51 | 1919761 UP Forester
UP Forester's picture

I bought my wife a BHG locket and chain.  Regularly $279.99, clearance price $27.99.  Always shop the clearance items....

Mon, 11/28/2011 - 03:25 | 1920253 mkkby
mkkby's picture

Real deep thinker here... Hey idjit -- you can buy the cheapest ingots and melt them into something legal if that ever becomes an issue.

Mon, 11/28/2011 - 07:08 | 1920342 Bobbyrib
Bobbyrib's picture

I'm the "deep thinker"? Where can you buy "gold ingots"? If you mean gold bars, those would probably be included when the government outlaws private gold ownership. The melting point of gold is nearly 2000 degrees farenheit. When TSHTF, I'm pretty certain I won't have access to anything that heats gold to that degree. I'm glad you will though.

Sun, 11/27/2011 - 16:42 | 1918548 Max Fischer
Max Fischer's picture



Peak Oil's fault.  Apparently, there isn't enough energy for everyone to go shopping like four years ago.  Maybe Howard Schultz will do an interview on CNBC tomorrow and blame the lack of Starbuck's giftcards on diminishing energy supplies and Trav7777 will be vindicated.  

Max Fischer, Civis Mundi

Sun, 11/27/2011 - 16:46 | 1918567 GeneMarchbanks
GeneMarchbanks's picture

I like Robot better. He's much more in-your-face douchey while you're just kinda douchey.

Sun, 11/27/2011 - 16:50 | 1918579 Carlyle Groupie
Carlyle Groupie's picture

My mom use to say if you can't say something nice about a spacemonkey it's better to say nothing at all.

She hasn't said that in a while but that's another story. (Oh brother...)

Sun, 11/27/2011 - 17:37 | 1918718 taraxias
taraxias's picture

trav took him behind the shed and spanked him. These "intellectual" types don't get over it very easily it seems.

Sun, 11/27/2011 - 17:56 | 1918778 Spastica Rex
Spastica Rex's picture

The delivery is a bit flat. I would suggest adding a little black humor to spice it up. Less is usually more, though: there's a fine line between trolling and boring.

Sun, 11/27/2011 - 16:44 | 1918558 MountainHawk
MountainHawk's picture

Micro Center in Rockville, MD the line to the cash regiser was atleast 1/2 mile long. Shop till you drop!


It's the end of the world as we know it!

Sun, 11/27/2011 - 17:39 | 1918724 DosZap
DosZap's picture

I refuse to buy anything from these people,"Micro Center", they have nearly non existenent telephone sales help, and to a man/woman, the most rude ,could give a shite less attitudes I have ever encountered.

Sun, 11/27/2011 - 16:47 | 1918570 earleflorida
earleflorida's picture

poor sheeple,... winters coming and they've already been fleeced

Sun, 11/27/2011 - 16:47 | 1918571 ZAPatty
ZAPatty's picture

I think the attitude is best expressed as "fuck it."  Consumers are so deep in the hole credit-wise that it doesn't make any difference if they spend a few hundred more for Christmas, especially when self-gifting. 

Sun, 11/27/2011 - 18:36 | 1918875 i_call_you_my_base
i_call_you_my_base's picture

Agree. Drowning in ten or one hundred feet of water is the same.

Sun, 11/27/2011 - 19:48 | 1919149 upWising
upWising's picture

I prefer the image of Rev. Jimmy-Joe Jeter, a child Evangelist who was I believe on Mary Hartman Mary Hartman.

As I recall he fried himself while watching himself on TeeVee, playing with himself while sitting in a bubble bath, and the TeeVee fell in the tub.

Way to Go!

Sun, 11/27/2011 - 16:47 | 1918572 junkyardjack
junkyardjack's picture

When Money Dies:

"The previous fall in the mark had also produced unfortunate results by driving the population in shoals into the shops in a mania of purchasing. While abusing the foreigner for buying out Germany with his profitable rate of exchange, the native has been no whit behind in emptying the shops of their stocks … Many thought that their money would soon have no value whatever and that it must be exchanged for goods while there was yet time: others realised that the purchasing mania would help the falling rate of exchange to raise prices, and they therefore bought on speculative grounds."

Sun, 11/27/2011 - 16:49 | 1918577 Eireann go Brach
Eireann go Brach's picture

I am sure Walmart and Target were able to convert the food stamps and EMT cards of the 300 pound black women trampling around their stores like elephants, so they could purchase dancing with the stars greatest hits and 10 tips how to get on American idol!

Sun, 11/27/2011 - 16:53 | 1918592 Carlyle Groupie
Carlyle Groupie's picture

Coincidentally, Walmart is turning into quite a large scale bank. Google it.

Sun, 11/27/2011 - 17:28 | 1918687 Kayman
Kayman's picture

Eireann go Brach

Let's be fair here.  Walmart is a magnet for 300 pound white women too....

Black Friday- proof that China can finance it's military a little longer. 

Sun, 11/27/2011 - 18:43 | 1918899 lotsoffun
lotsoffun's picture

eireann - you got some red.  i suspect you are a racist? - tell you what.  when i was a kid - band called 'three dog night'.  the meaning was a learning experience.  i live in the north.  i'm going to be needing 'three mama night' soon.  those skinny girls just don't do it.

think about the positives.

Sun, 11/27/2011 - 16:50 | 1918580 lolmao500
lolmao500's picture

The damn truth about America.

Sun, 11/27/2011 - 16:52 | 1918587 max2205
max2205's picture

Most hope their transaction will be lost during the up coming bank holidays and they won't have to pay? Or they were just told they can stay in their home for 6 more months without paying (Ben) the mortgage

Sun, 11/27/2011 - 16:52 | 1918589 RobotTrader
RobotTrader's picture

Collapsing gasoline prices in L.A. contributing to the retail spending binge, no doubt.

Avg. price $4.29 to $3.70

We were supposed to be $6 - $7/gal. by now.$/G$/G

Sun, 11/27/2011 - 16:55 | 1918597 Carlyle Groupie
Carlyle Groupie's picture

Robo, any suggestion on what stocks to buy going into this?

Sun, 11/27/2011 - 16:56 | 1918607 Temporalist
Temporalist's picture

Buy everything as long as it's overinflated with a horrible business plan underwritten by banksters.  That is the Robo way!

Sun, 11/27/2011 - 16:59 | 1918613 cowdiddly
cowdiddly's picture

Whatever comes Up on the most percent up for the day screen on Scottrade.

Sun, 11/27/2011 - 17:10 | 1918646 Divine Wind
Divine Wind's picture

Stocks of food, Au, Ag, Pb.

Sun, 11/27/2011 - 17:41 | 1918729 taraxias
taraxias's picture

He'll tell you after the close tomorrow what plays you should have made at the open. 

Sun, 11/27/2011 - 19:10 | 1918983 WhiteNight123129
WhiteNight123129's picture

TALBOTS!!!  Retail for dead old ladies!! The Future of this business is bright.

Sun, 11/27/2011 - 17:31 | 1918692 Kayman
Kayman's picture


You obviously don't buy diesel, nitwit.

Sun, 11/27/2011 - 21:08 | 1919403 Esso
Esso's picture

What's up with diesel? It's running about $1.20 over unl here.

Sun, 11/27/2011 - 18:59 | 1918936 WhiteNight123129
WhiteNight123129's picture

Wait for Romney psyco to bomb Iran...


Sun, 11/27/2011 - 16:53 | 1918590 user2011
user2011's picture

What is going on ? We have the largest amount of people on food stamps in the history of US. We have more home owner under the water than ever. We have the largest deficit in the history of mankind.

Where do these shoppers come from ? Was food on sale ?

Sun, 11/27/2011 - 17:06 | 1918633 earleflorida
earleflorida's picture

there are no food lines - there are no poor houses,... but the prisons are max'd out @ $250/head daily = out-of-sight/ out-of-mind , and may you and yours sleep comfortably tonight in fantasy land 

Sun, 11/27/2011 - 16:55 | 1918593 RobotTrader
RobotTrader's picture

Plummeting food prices also helping out Joe Six.

DBA has crashed from $35 to $29 in 6 months.

That means $0.99 McDouble Cheesebugers and Wendy's Jr. Cheeseburger deluxes indefinitely.

Sun, 11/27/2011 - 17:01 | 1918619 Carlyle Groupie
Carlyle Groupie's picture

Robo. What kind of pop are we going to see in the S&P tomorrow?

Sun, 11/27/2011 - 17:43 | 1918736 taraxias
taraxias's picture

Be patient, he'll answer at 4:31pm tomorrow.

Sun, 11/27/2011 - 18:51 | 1918917 lotsoffun
lotsoffun's picture

huge pop up tomorrow.  bennies printing.  he had almost 4 days to do so.

learning/thinking can be slow for us retards.  the longer this goes on, and them more i have time to observe,

(and the more i realize how poorly my parents trained me by teaching me morals and making me believe in the best for all).


HIS FRIENDS MAKE.  has anyone stopped him so far?  tomorrow - he buys italy and then spain.  greece is gone.

will anybody stop him on tuesday?  they have to get this into next year so the big bankers get their bonuses.


Sun, 11/27/2011 - 17:06 | 1918625 GeneMarchbanks
GeneMarchbanks's picture

Just wanted to say... Thanks. Max Fischer is boring while you're a staple. Also, I not sure McDoubles qualify as food but to each his own I guess. I'm forgetting something... er... ehm.. OH YEAH! ... .... .... [junk]

Sun, 11/27/2011 - 17:08 | 1918641 Piranhanoia
Piranhanoia's picture

At McDunnage, preserve yourself forever with chemicals!    (this does not mean to imply any food content exists in any product offered)

Sun, 11/27/2011 - 17:56 | 1918777 hardcleareye
hardcleareye's picture

Robo, I think your Mom has tried to explain to you that Commodity ETF's DON"T reflect "real life" or the "real world".... 

 "Beef Prices in the United States will be leading the food price increases as the holidays get closer and closer according to the USDA's latest Consumer Price Index for Food. Meat prices in general are climbing faster than those of other food categories this year, averaging "8 to 9 percent higher" then in 2010. The latest Comsumer Price Index for Food from the USDA shows that food prices are going up by "3.5 to 4.5 percent, while meats, poultry and fish are up 5.5 to 6.5 percent."

You are such a disapointment!

Sun, 11/27/2011 - 16:55 | 1918596 Temporalist
Temporalist's picture

Ah the American Dream - buying shit that you don't have the money for to shut up your crying brat.

Sun, 11/27/2011 - 18:22 | 1918836's picture


Sun, 11/27/2011 - 16:55 | 1918600 sabra1
sabra1's picture

as for myself, i finished all my shoplifting early this year!

Sun, 11/27/2011 - 16:55 | 1918603 Catflappo
Catflappo's picture

I guess people have figured out that a tablet computer, a pair of jeans, and some pots and pans really do represent a better 'store of value' than a piece of predominantly green paper....

Sun, 11/27/2011 - 16:56 | 1918605 gangland
gangland's picture

i wonder how much was self-gifting on guns, ammo, & pepper spray...

Sun, 11/27/2011 - 16:56 | 1918606 monopoly
monopoly's picture

Robot is back. There is hope yet all. lol

Sun, 11/27/2011 - 17:00 | 1918616 monopoly
monopoly's picture

Black Friday is the most useless indicator of anything that has to do with the economy. Did you check out the video of near riots at Wal-Mart for a $.2.00 waffle cooker. I could not believe my eyes. What has this country deteriorated to? Lets just see how the sales continue on as the season progresses. Did not notice too many 3 piece suits shopping on Friday.

Man, when this all blows up they are going to hear it on Mars.

Sun, 11/27/2011 - 17:11 | 1918652 Carlyle Groupie
Carlyle Groupie's picture

Let's just start by assuming that things don't just "blow up".

It is far more typical for things to melt up/down. That being said, a melt down probably would not emanate a sound so I think the amoeba on Mars are safe for the time being.


Sun, 11/27/2011 - 17:11 | 1918653 smlbizman
smlbizman's picture

wait till those assholes findout it doesnt cook those frozen delicacys..they may have even thought it was one of dem microwaves

Sun, 11/27/2011 - 17:13 | 1918656 ParaZite
ParaZite's picture

Imagine those crazed masses when times truly get hard. If they will trample you to death today for a 2 dollar waffle maker... what in the hell are they going to do when the shelves start running low and no one will accept their credit card as a form of payment?

Sun, 11/27/2011 - 18:54 | 1918923 lotsoffun
lotsoffun's picture

credit card?  food stamps dude.

Sun, 11/27/2011 - 19:13 | 1919000 LooseLee
LooseLee's picture

Let's get this straight....Anyone 'trampling' someone else for a cheap gizmo will not have a credit card. A person of such character is likely on the government dole....and will starve when TSHTF

Sun, 11/27/2011 - 17:06 | 1918630 Piranhanoia
Piranhanoia's picture

Why would anyone believe they are getting a bargain when they planned for you to come?  

The price will drop by half during the next few weeks.  baaa.  baaaaaaaa



Sun, 11/27/2011 - 17:06 | 1918631 Vaga222
Vaga222's picture

It's stories like this (and the other 500 black Friday stories I've seen this weekend) that makes me wonder why anyone with 2 brain cells can call for a debt jubilee. I've been steadily saving (fiat & physical) over the last 4 years since I got my first proper job after university and I'v been frugal over those years. The fact that some guy who has been on the dole for the same time and who had 4 50" TVs will be given them in exchange for 'resetting the system' is such a immoral act I can't see any justification for such an act...

Sun, 11/27/2011 - 17:18 | 1918668 knowless
knowless's picture

better buy real assets and be able to touch them.

Sun, 11/27/2011 - 17:41 | 1918731 Alpha Monkey
Alpha Monkey's picture

Because if they don't do it for the lower classes "on the doal", then when they do it for the billioinaires "on the dole", and corporations "on the dole", there will be massive social upheaval as understanding takes place.  This way, they keep everyone where they are, without the debt, and just restart the game. 

Maybe they will cancel your college debt too.

My vote is to let it crash in a fiery explosion of super nova proportions... Germany seemed to learn some good lessons from hyperinflation and zimbabwe is even working on a gold backed natl currency.  I think it'd be good for the world, after it stopped sucking so hard. 


Sun, 11/27/2011 - 18:56 | 1918926 lotsoffun
lotsoffun's picture

i'm with you brother.  but - we've been had.  i think there are two camps here.  the one says, 'buy gold and silver and you're fine'.  i'm the other.  we've been had.  sucks, but except it.


Sun, 11/27/2011 - 17:10 | 1918636 H H Henry P P P...
H H Henry P P P Paulson's picture

The only reason Black Friday sales were up this year was because the Fed factored in the purchases of Mace.

The time to buy MACE.PK is now.

Sun, 11/27/2011 - 17:10 | 1918647 Mark123
Mark123's picture

Need to deduct increase in subprime credit card issuance to get the real picture.  Govt/Fed Reserve is opening up the easy credit tap again.  Should help save Christams sales at the expense of the future.


Give a poor person credit and guess what....they spend it all.  Duh.

Sun, 11/27/2011 - 17:11 | 1918651 ParaZite
ParaZite's picture

Well, the zombies walked over a dying man... and not one of them gave a flying fuck. Google it... it happened at Target. 

Anyway... imagine what will happen when the masses really NEED, not just want, but honestly NEED something when the economy collapses. If they are willing to pepper spray you for a 5 dollar toaster and trample your dying body to get some body glitter... how are they going to react when Walmart stops accepting Cash / checks / and Credit Cards?

Something to think about... might be time to invest in a 12 gauge and some ammo, while you have some time. 

Sun, 11/27/2011 - 17:16 | 1918661 Carlyle Groupie
Carlyle Groupie's picture

So you think the National Guard/TSA (once deployed) is going to just let you stroll around with your 12 gauge locked-and-loaded on your way to do some shopping at the FEMA camp commissary?

Sun, 11/27/2011 - 18:58 | 1918934 lotsoffun
lotsoffun's picture

while you barter for food with little pieces of gold and silver you shaved off from the stacks you've gracefully hidden in a safe place at home?



Sun, 11/27/2011 - 18:27 | 1918852's picture

Well, the zombies walked over a dying man...


And they didn't even bother to eat his brain? Slacker zombies.

Sun, 11/27/2011 - 17:17 | 1918663 Sad Sufi
Sad Sufi's picture

Answer to mysterious shopping binge?

Cheap product. These were folks trying to save a buck. Both for self shopping, and to carry on the tradition of holiday giving.

The long lines and scramble for product isn't so much about greed or available spending money as it is about feeling you have enough in this world, at a time with diminishing wealth.

I personally feel compassion for the conditioned masses, trying to be "enough."

Sun, 11/27/2011 - 17:33 | 1918676 Carlyle Groupie
Carlyle Groupie's picture

I don't know about you guys but with an employment rate of roughly 92%, I'd say a lot of peoples has a lots of money's to buy lots of Christmas presents for the losers who do not hab-a-yhab. Si?

Sun, 11/27/2011 - 18:30 | 1918858's picture

There are fewer Americans working today than there were 15 years ago. I guess the employment rate must have been 120% back then.

Sun, 11/27/2011 - 17:26 | 1918681 Arius
Arius's picture

american resiliance...this country is just different...normal rules of human behaviour do not apply ... this is american exceptionalism ....never bet against the american consumer!

Sun, 11/27/2011 - 18:34 | 1918868's picture

And Nero. Never bet against Nero. Normal rules of human behavior didn't apply to him. He was more than just exceptional, he was a god! And as we all know the Roman empire has never declined, let alone fallen.

Sun, 11/27/2011 - 19:27 | 1919066 LooseLee
LooseLee's picture

Do you really think the 'essence' of life is about 'consumption'? Only the ignorant would entertain the question as 'serious'....

Sun, 11/27/2011 - 17:27 | 1918682 bmusic
bmusic's picture

Any ideas on a good site to buy 24k gold jewelry online?  I figure it's the best gift to give my wife this year.

Sun, 11/27/2011 - 17:37 | 1918719 Sad Sufi
Sad Sufi's picture

There's this.


Or these guys used to sell baht gold, but expensive over spot.

Sun, 11/27/2011 - 17:29 | 1918689 XRAYD
XRAYD's picture

The fact that the people are desperately trying to save money on their Christmas purchases to put up with pusing, shoving, camping out, pepper spray, etc. is a sign of how BAD things are, NOT how great the economy is as the main stream media people, with decent jobs, are pushing!


Sun, 11/27/2011 - 17:58 | 1918727 Carlyle Groupie
Carlyle Groupie's picture

I would say that those people are fine example of advanced American behavior modification techniques used by advertisers. I highly doubt it's a bad sign rather a curious sign of how Americans love an endorphin rush.

How much did they really save? Retailers bumped prices in October then offered offsetting discounts in November.

Weaponized shopping addicts looking for a thundering high.

"Get high my little puppies, get high!" --Mr. Walmart

Sun, 11/27/2011 - 17:34 | 1918706 Racer
Racer's picture

Put it on the credit cards and then default on them... why not they think... the banksters got away with what they did so why not get their own back on them

Sun, 11/27/2011 - 17:35 | 1918708 Heroic Couplet
Heroic Couplet's picture

Occupy Christmas Shop: Shop and spend the absolute minimal amount possible, charge to a credit card if you can and immediately pay it off. Do just enough to generate foot traffic and zillions of transactions and not enough to generate profits. Buy a stick of chewing gum, buy the lowest priced item in the store if possible, and keep on doing that.  Worry the fat cats to death.

Sun, 11/27/2011 - 17:43 | 1918737 LoneStarHog
LoneStarHog's picture

Retail Sales Are Up: Okay...a merchant invests $100K in Black Friday inventory...merchant sells inventory for $66.5K on Black Friday promotions through huge sales volume ... merchant going broke with INCREASED RETAIL SALES ... works for RobotTurder and CNBS

Sun, 11/27/2011 - 17:48 | 1918749 Zero Govt
Zero Govt's picture

Spend, spend, spend your way to recovery

O'Bumma, Krugman and Bernanke will be pleased

If every American just bought one more Twinky for Chrsitmas the nation would be saved in this socialist demand driven bank-debt Hell

US Banks are already stuffed with mortgage debt, student debt, Govt debt, Muni debt and consumer debt.. may as well make it $1 Trillion in Twinky debt for the full set!!

Sun, 11/27/2011 - 17:50 | 1918755 dwdollar
dwdollar's picture

Nothing about Friday says "things are good now"

Actually... everything about Friday says "things are really fucking bad now"

Sun, 11/27/2011 - 17:54 | 1918767 Hephasteus
Hephasteus's picture

They are setting records in lyng that's for damn sure.

Sun, 11/27/2011 - 17:55 | 1918773 Seasmoke
Seasmoke's picture

buy as much as can on credit so.....


 A. you get as much as you can before it collapses OR B. you just dont pay the bill in january

Sun, 11/27/2011 - 17:59 | 1918785 bnbdnb
bnbdnb's picture

Spend $400 on average, saved $100-200. Its really that bad. People are desperate to save $100-200. Ouch.

Sun, 11/27/2011 - 18:27 | 1918853 linrom
linrom's picture

Very astute observation. The increased traffic was due to more people trying to save money. Another words, the rest of Holiday sales should be a downer.

Sun, 11/27/2011 - 18:00 | 1918789 oogs66
oogs66's picture

weren't there 10% more shopping hours than last black friday?

Sun, 11/27/2011 - 18:10 | 1918805 vast-dom
vast-dom's picture

Meta layaway plan for great purge more like it. An iPad/teevee today for a disasterous depression tomorrow; whimpy burgers notwithstanding. Hurray it's a sucksessful holiday kickoff season!


[ no bold, u happy bitches?]

Sun, 11/27/2011 - 18:10 | 1918808 hardcleareye
hardcleareye's picture

This time of year I like to reflect and spend a little time watching and reading Reverend Billy & The Church of Stop Shopping.

Yes, you really should ask yourself, while your standing in that Wallmart line, "What would Jesus Buy?" <sarc>

Sun, 11/27/2011 - 18:37 | 1918879's picture

That guy is a hoot.

Sun, 11/27/2011 - 18:13 | 1918814 eddiebe
eddiebe's picture

Where can I buy pepper spray?

Sun, 11/27/2011 - 18:38 | 1918883's picture

There was a woman giving out free samples at Walmart on Friday.

Sun, 11/27/2011 - 18:16 | 1918819 sabra1
sabra1's picture

there was that guy Wiener at Walmart the other day, inquiring about their layaway plan!

i told an italian, the best place to buy pepper spray, was at MACEys'!

Sun, 11/27/2011 - 19:05 | 1918820 HUGE_Gamma
HUGE_Gamma's picture

"comparative charting.. lol" should i add that to my resume 


-Fan of Comparative Charting: HIRE ME

Sun, 11/27/2011 - 18:17 | 1918823 obejoyful
obejoyful's picture

Bought 30 pack of Miller lite and Currency Wars, the making of the next global crisis.  Both were pretty good, but well shy of $398.

Sun, 11/27/2011 - 18:56 | 1918905 tahoebumsmith
tahoebumsmith's picture

This is a very bad sign for the housing market. I consider this the squatter's gauge... The higher the sales go, the more squatters we have, it's that simple. Add the additional 4.5 million Americans that have gone on government assistance since last year and you have more money for the sheep to spend on trinkets. Another disturbing trend is the amount of sub-prime credit cards that have been issued this past year. More then 50% of all new revolving credit has been issued to subprime borrowers. Just another can of spakle and paint that will eventually run out and when it does the hole is only going to be bigger and bigger... I'm kinda pissed that I didn't seize the opportunity and start a reality TV show called " Squatting Hogs Gone Wild" and filmed the stampedes around America on Friday, It would have been a top hit on the discovery channel...

Sun, 11/27/2011 - 19:05 | 1918963 lotsoffun
lotsoffun's picture

tahoebusmith - that is pretty funny and a good idea, but i'm sad, i think a bit too late.  i don't think this will last into next year, buy next t-giving - no early openings, no deals, and heavy security at the doors for whatever deals they do offer to people that can afford to pay.  if i could time the stock collapse, we'd all be doing fine.  but i'm sure it doesn't last a full year.

Sun, 11/27/2011 - 18:50 | 1918914 azzhatter
azzhatter's picture

You mean you have to pay for this stuff? Why, I don't pay my mortgage

Sun, 11/27/2011 - 18:59 | 1918937 wilburpup
wilburpup's picture

NBC picked up this story on last night's news, with Lester Holt calling the 6.6% increase to $11.4bn "nearly a 1 billion dollar increase."

Just a rounding error for them.

Sun, 11/27/2011 - 19:04 | 1918951 tom a taxpayer
tom a taxpayer's picture

There was no mince pie in my town this Thanksgiving. I wonder why?

Was there a shortage of mince this year?

Did someone corner the mince market, driving prices too high for using mince in pie baking?

Is it because the Chinese are now involved in the food chain and don't know how to make mince pie?

Is it because I did not eat my peas...or my meat?


Sun, 11/27/2011 - 19:08 | 1918974 lotsoffun
lotsoffun's picture

at some point people are going to realize that what corzine did at MF global - has been done at every major bank - C, BAC, MS, GS (only for the very rich) etc.  because - your money wasn't stolen, it was stolen X times over - and it's not there anymore.  ever.  anybody seen sheila bair recently.  she left.  she knows.





Sun, 11/27/2011 - 19:11 | 1918979 Use of Weapons
Use of Weapons's picture

Haven't seen the video of the grandfather slammed to the ground, unconscious whilst bleeding everywhere... for stashing two computer games into his belt because his grandson was getting trampled?

Haven't seen the video of the cop using pepper spray (no, not that psycho woman one) to make the great black swarm back the fuck off?

Haven't seen the video of where Occupy protestors got baton'd and arrested at a Target... for making sign & blocking consumers?





You know your media is fucking pathetic when the Daily Mail covers your stories for you. And no, the Daily Mail is hardly a newspaper, but it is getting slightly radical (last year) due to the awareness that 90% of its buying market is getting wiped out of the game, so why as the hell not radicalise them first.





You can find the videos on YouTube. The Grandfather getting bitch slapped is particularly poignant for the total stupidity and inhumanity of the cops present. Ya, DURR, if he's bleeding out, clear that airway.

Sun, 11/27/2011 - 19:12 | 1918995 crossfit
crossfit's picture

I was in the buying mood....20oz of silver, 12 guage oo buckshot and 9mm.


Sun, 11/27/2011 - 19:22 | 1919047 Seasmoke
Seasmoke's picture

OK how much of the $11 billion was PAID IN CASH ????????????????????

Sun, 11/27/2011 - 19:25 | 1919055 oVErME
oVErME's picture

Hey there ZH's,

I've been reading this blog for some months now, and what a enlightening
experience it has been. I'm not a trader, but I've been noticing the power
of financial influence over everything in the last decade.

Quite scary that it takes several months, if not years, of accumulating different information to get a full picture of how bad this is going to get. Just wanna thank you all guys for promoting a free and rich space to exchange of ideas.

I would like to share a video that if found to ilustrate quite well recent times,
hope you guys enjoy: 

Sun, 11/27/2011 - 19:32 | 1919086 Bansters-in-my-...
Bansters-in-my- feces's picture

Boy,lucky everyone used cash instead of credit cards....

All the American dollars floating around and all.


Sun, 11/27/2011 - 19:35 | 1919101 GFKjunior
GFKjunior's picture

All my gold jewlwery is 22kt  and I get it at about 30% over spot from my jewish connects in LA. Not for everyone but I love wearing gold.

Sun, 11/27/2011 - 19:38 | 1919112 Fozzy Slippers
Fozzy Slippers's picture

Jackels went to Walmart. I went to the gun store.

Sun, 11/27/2011 - 19:41 | 1919120 sbenard
sbenard's picture

I'm "spending like there's no tomorrow" because I fully expect that there won't be! I'm stocking up for a disaster over the next year!

Sun, 11/27/2011 - 21:01 | 1919376 Kreditanstalt
Kreditanstalt's picture

They must all live in another world.  I would have been food shopping if we had a Black Friday here...were pork & beans and veggies on sale anywhere?

Sun, 11/27/2011 - 21:01 | 1919379 sullymandias
sullymandias's picture

Times have changed. Nowadays, when consumer confidence is down, the consumer spends more.

Sun, 11/27/2011 - 22:10 | 1919661 cranky-old-geezer
cranky-old-geezer's picture



Sales rose an estimated 6.6 percent ...

When you see these estimated sales increases, remember the US dollar has lost 1/3 of its value since '08

... meaning sales would have to rise 50% since '08 just to break even in constant dollar terms ...which ain't happening.

The steadily declining value of the dollar is the white elephant in the room everybody wants to ingore, especially Bernanke, Krugman, everybody in MSM ... and RoboTard, MDB, Hammy, et al.

Mon, 11/28/2011 - 03:43 | 1920265 mkkby
mkkby's picture

All the stores that closed don't get surveyed, obviously.  So the survivors get increased sales just from shoppers being forced to switch.  It's not an overall increase in the economy.  It's only from stores surveyed.

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