Not so US Black Friday

Posted: December 1, 2014 in Uncategorized

US Black Friday is the one day sale pre ThanksGiving that often allows business sell almost 50% of the entire trade for the year.

So it has always being considered a pulse for the real economy (not Wall Street).

This year sales crashed 11% from USD57.4 to USD50.9 billion with an average spend decrease of 6%.

Internet sales were at 42%, stable (as now a the whole world can participate).

This is because the middle class in the US has been obliterated, a few become millionaires – most they end up in the poverty class – and that is why President Obama has been so trashed in the last election.

Yes the stock market is at the top, but it for over 80% is owned by the top wealthiest quartile.

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