People have come out to spend their savings to support the continued economic development of our country. But in return, the government should try to create new jobs or provide incentives for the private sector to hire, as unemployment is one of the most severe crisis' in the US. I hope the unemployment problem will reduce and the US will restore it's economic status as a true global leader.
Have to share this photo I stumbled on showing aftermath of the flooding in Thailand. 
Submerged vehicles are seen at the Honda factory in Ayutthaya province, Thailand, on November 14. (Damir Sagolj / Reuters)
What if Christmas Spending is Higher
PAW
11/8/2011 6:07:43 PM
I don't think Christmas spending will be higher this year...at least not at my house. If it is something that I don't need instead of want, then it is not being purchased. I recently bought a dishwasher instead of the flat screen I had been saving for because I needed the diswasher (old one broker), not the TV.
The higher income individuals have more disposable income to spend the sales numbers for value prices retailers and cars are probably going to be very different. It’s going to be a tough holiday season belts are still tightened and people feel less confident with the uncertainty of the upcoming election.
Re: What if Christmas spending is higher?
cat tail
11/7/2011 10:00:16 AM
New York is, i agree, an anomaly. However, I did not see the same throngs of people at these stores I mentioned last holiday season. There seems to be a little less constraint on spending.
Re: What if Christmas spending is higher?
Phoenix
11/5/2011 10:39:52 PM
Yes the high end consumer markets seem to do well. I guess the high income earners are the only ones with enough disposable income to shop. The south east Asian Christmas shopping has definitely picked up. All the shops look very crowded compared to off season times. Hopefully this makes an impact on the overall global economy.
Re: What if Christmas spending is higher?
Broadway
11/5/2011 4:20:43 PM
NYC is a (large) outlier). Anywhere there are people making lots of money, you'll find heavy shopping, with the brand-name slant. Most marketers now know that the big bucks---really the only bucks---to be made today are in the high-end consumer market. The middle class and the working poor are at Target, Wal-Mart, the Dollar-Store, or the Salvation Army. Time to find some other way to drive the economy than poor debt-ridden consumers!
Re: What if Christmas spending is higher?
driven
11/4/2011 7:51:00 PM
That's pretty interesting. I don't recall any crowds like that last holiday season. Maybe its a good sign.
Re: What if Christmas spending is higher?
cat tail
11/4/2011 7:38:06 PM
Based on my informal NYC survey today, the best bets are Apple and Uggs. Both of those stores actually had lines out the door--shoppers were filing in through a velvet rope! And nothing in either place was on sale.
Re: What if Christmas spending is higher?
ProfR
11/4/2011 6:03:40 PM
Yes, I think a lot of this is around perception - if people start to spend, this will look like the economy is coming back, then more people will spend, and so on.
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