Don’t Be Duped By the Latest Holiday Sales Data

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  1. Eusebio says:

    Actually, wasn’t the payroll tax holiday meant to kickstart more consumption? So, if there is more consumption, it actually means things are working as planned (instead of e.g., that money being saved or used to pay down debt).

    Not that I think getting the country further into debt in order to fuel consumption is a good thing, just that I wouldn’t use the tax holiday as an indication that “consumer revival” is any less valid.

    Something I have noticed in my own shopping is that this year the discounts seemed noticeably deeper than last year, and that may be a cause of distortion. E.g. most of the people getting a lot of “free after rebate” items won’t probably help the corresponding manufacturers in making that much money.


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