Black Friday Sales Up 3%
Not bad for a country teetering on the edge of a depression (as the media tells us), no?
U.S. holiday retail sales increased 3 percent yesterday from a year earlier, the smallest gain for a “Black Friday” in three years, research firm ShopperTrak RCT Corp. said.
Sales rose to $10.6 billion, the Chicago-based company said in a statement. The increase was the smallest since a decline of 0.9 percent in 2005 and compares with a jump of 8.3 percent last year.
“So far, so good,” said Craig Johnson, president of Customer Growth Partners LLC, a retail consulting firm based in New Canaan, Connecticut. “But a decent Black Friday figure doesn’t predict the whole season. The question is, how much momentum we can keep” in this “challenging” economic environment, Johnson said.
You’ve got to love how the media always spins this sort of growth. “Sure, there was growth,” they tell us. “But it wasn’t as much as we thought it should so everything still sucks.”
I think we’re in for some lean economic times, but I don’ think they’re going to be disastrous. I think that Obama and the Democrats will probably raise taxes. That will cause a recession, and some contraction, but ultimately we’ll be fine. We’ll pull out just as soon as people tire of Obama and his redistributionist policies and we can get back to the business of growing.
