Plus
Plus
Plus
Equals this
"October will prove to be a disaster for retail sales, with only the discounters having anything to cheer about," wrote Avery Shenfeld, an economist for CIBC World Markets. "Note that the ex-autos number will partly reflect the drop in nominal gas-station sales on falling pump prices, and will therefore exaggerate the decline in real terms."
2 comments:
So you're saying that Ho, Ho, Ho will be Oh, Oh, No.
I agree. Extending the Christmas shopping season isn't going to make people spend any more than they would have. In fact, it may be more depressing for those most affected by the current economic crisis.
Likewise, it's too early for Christmas music. I suspect those old favorites will be wearing mighty thin after 6-plus weeks of play.
I'm afraid the Treasury Secretary won't be delivering an Miracle on 34th Street this year.
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