This actually is a “thought provoking” cartoon. Or my coffee just hasn’t kicked in yet… Since our economy is heavily reliant on consumer spending could this be a signal of pent up demand showing up after such a long period of austerity? Of course it could just be a great effort on the part of the retail sector promoting Black Friday and the media doing their usual pump job. Hopefully this is indicative of the holiday spending because otherwise it means it is just early spending versus later and the holiday won’t be an economic lift. Sometimes being an accountant and financial analyst is a pain, I never seem to be able to just shrug and say “Oh good weekend. I’ll bet the retailers are happy…”
This actually is a “thought provoking” cartoon. Or my coffee just hasn’t kicked in yet… Since our economy is heavily reliant on consumer spending could this be a signal of pent up demand showing up after such a long period of austerity? Of course it could just be a great effort on the part of the retail sector promoting Black Friday and the media doing their usual pump job. Hopefully this is indicative of the holiday spending because otherwise it means it is just early spending versus later and the holiday won’t be an economic lift. Sometimes being an accountant and financial analyst is a pain, I never seem to be able to just shrug and say “Oh good weekend. I’ll bet the retailers are happy…”