Posts filed under “Consumer Spending”
This is the time of year when Americans gather with family and friends to give thanks. A bounteous feast is the time to express gratitude for our good fortune. We count our blessings, humbled by the fortuity of our circumstances, grateful for whatever it is we have.
Once you get that over with, it’s time to go shopping.
At least, that seems to be the message of retailers, as they intrude further and further into the holidays. This year, a growing number of retailers are actually open on Thanksgiving Day, including Wal-Mart, Kmart, Sears, Target, Kohl’s, Staples and Macy’s. (A Facebook page has called for a boycott). Being open on Thanksgiving smacks of desperation, and you should do nothing to encourage the excesses of this antifamily, antifootball behavior.
It is all part of the plan. The manipulators at the National Retail Federation and elsewhere work hard to create a sense of consumer frenzy. Thus, I have dubbed the season between Thanksgiving and Dec. 25, “Shopmas.”
The Effect of Oil Price Declines on Consumer Prices Ben Craig and Sara Millington 11.19.14 Oil prices have declined significantly in recent weeks, reaching levels not seen in several years. At the same time, the year-over-year percent change in the most widely known measure of inflation, the Consumer Price Index (CPI), came…Read More
On this day 56 years ago, the U.S. economy began to undergo a momentous change. It was Oct. 1, 1958, and the company known best for its Travelers Cheques introduced a new product: The charge card. Although American Express technically wasn’t the first company to introduce a charge card, it was the first to make…Read More
The Standard & Poor’s 500 Index closed yesterday at a record high of more than 2,000. Yet many people feel that the economy is weak. There are numerous reasons for this, but the one I want to focus on has to do with employment and wages. The economy feels weak because, depending on your education,…Read More