“The only function of economic forecasting is to make astrology look respectable.” — John Kenneth Galbraith
Yesterday, Black Friday, consumers spent 3% more than last year. All we heard on the news was how horrible for retailers the day would be. That folks were only going to browse. I think Mr. Galbraith is correct. The crowds even trampled a Wal-Mart employee to death in their rush to buy stuff, for crying out loud.
© 2008, J. M. Erickson. All rights reserved.
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