Customers don’t want deals, they want steals because of increasingly difficult economic times. Businesses are suffering because of tighter purse strings.
12/20/2008
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof. —John Kenneth Galbraith
Knowing that the vote over the weekend in Greece was really a referendum on Euro membership, a majority of the Greek Parliament said yes to staying. European Finance Ministers meet again on Wednesday to solidify the 2nd bailout package for Greece at the same time hopefully a deal is consummated between Greece and its creditors this week. The Greek 14.5b euro bond that matures on March 20th is up by 2 pts. The optimism that all will be completed and contained AGAIN to Greece has yields lower in Portugal, Spain and Italy. The iTraxx Financial Index is also narrower by...
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December 21st, 2008 at 5:01 pm
We won’t be far behind Britain…
http://business.timesonline.co.uk/tol/business/industry_sectors/retailing/article5375478.ece
From The Sunday TimesDecember 21, 2008
High street braced for Christmas sales carnage….
“UP to 15 national retail chains are predicted to go bust …..”
December 21st, 2008 at 11:33 pm
Incomes for the bottom 90% just won’t raise and it’s been like that for a very long time.
So, kiss the consumer econ good bye.
December 22nd, 2008 at 3:04 am
Dear BR,
I love your site but it seems like the links to flash movies posted here simply do not work. This is the second time i’ve had to extract the source link and open a new tab in my browser to play the video…not that that’s a huge inconvenience but just something I thought I’d mention :P
Happy Holidays!
DL