This happened again this week, with universally-gloomy predictions for "black Friday," the opening of the Christmas shopping season. Yesterday morning, the Boston Globe, to cite one of many examples, headlined "Black Friday takes a hit from the economy" and highlighted its pessimistic account with the National Retail Federation's prediction of an 11 percent drop in Black Friday shoppers.
In fact, though, most people's incomes are no worse today than they were a year ago, notwithstanding daily references to "hard times" and casual talk about a possible depression. That reality was reflected in what actually happened yesterday: a 3 percent increase over last year's "black Friday" sales, which itself represented a fat 8 percent rise over 2006.
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2 comments:
apparently 1932 is the worse recorded year in our history so far :( Do not let the numbers fool you though..... we are heading in that direction... well hopefully some change is in the works. :)
My income was about the same last year... but that wasn't a good number. So, I kind of look at it as a case of it should be improving and there's no sign that's going to happen soon. And while incomes may be staying the same, prices seem much higher and I find myself doing without some things in order to maintain the status quo. I consider that a bleak economic future.
However, the black Friday numbers I heard didn't sound so bleak. There was a lot of volume in sales it seems.
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