All Commentary
Monday, November 28, 2011

Black Friday Sets Record

“According to ShopperTrak, which counts retail and mall foot traffic, Black Friday sales increased 6.6 percent over the same day last year, totaling $11.40 billion in retail purchases – the biggest dollar amount ever spent during the day.” (Christian Science Monitor)

Good for the retailers, but don’t think this creates economic growth.

FEE Timely Classic
“Consumer Spending Doesn’t Drive the Economy” by Mark Skousen