Christmas will be good... Don't Fear Christmas Sales this Year!
August EXPLOSION to the upside in Consumer Spending.. Now at levels in the TRIPLE DIGITS folks!!! TRIPLE DIGITS!!!
Can you say..... "Cash for Clunkers?" "Garage Sales?" "Estate Sales?"
"Madden NFL 2010 Video Game?" "Pent up Demand sending shoppers bolting to the Mall instead of FROM the Mall?"
Whatever the explanation is... GALLUP is seeing $$$$$$$$$$$$$$$$$$$$$$$$ (Dollars) as far as the eye can see.
I like to call this the..... CONSUMER SPENDING **** SHORT SQUEEZE ****
If it's any consolation it was a mere 2 weeks ago that I went to the biggest Mall in Michigan and discovered the mall PACKED.... JAM PACKED full of Shoppers.... Great Lakes Crossing was extremely tough to walk around in as it was extremely tough to park your car... it was PACKED.. Crowded!!!
And it's just AUGUST folks????
My theory is that the ANGST and the UPROAR against "Barack Hussein O." is having some influence on people to go shopping..... People are starting to pull out their wallets...
They are ENERGIZED out there against the Health Care bill and that's having a positive impact on loosening wallets as shoppers take out their energy on shopping for things they put off shopping for for months.
Yes folks!!! The SPENDING you all think won't happen this Christmas.... WILL!
This is reminiscient of Christmas 2003. Everyone declared that Christmas to be a Sales disaster when in fact Sales were exploding to the up side that year...