November 23, 2006

YET THE GOP RAN ON IRAQ?:

Strong outlook for holiday retail: Most forecasts run 5 to 6 percent above 2005, promising a lift for the US economy. (Ron Scherer, 11/24/06, The Christian Science Monitor)

The nation's holiday spending, even adjusted for inflation, sets a record every year, and this year will be no exception. Surveys and analysts predict holiday spending will rise about 5 to 6 percent over last year, which was 6.1 percent higher than 2004. If this level of spending prevails, it will give merchants - and the economy as a whole - a solid foundation going into 2007. [...]

Americans will be entering the holiday period with enough cash in their pockets, or room on their credit cards, to happily hit the malls, some economists and retail experts say. "Every month this year, all the way back to last October, there has been an increase in real disposable income," says Richard Feinberg, a researcher at the Purdue Retail Institute in West Lafayette, Ind.


Posted by Orrin Judd at November 23, 2006 11:25 AM
Comments

Every day there are more of us, so naturally the numbers go up and up.

Posted by: erp at November 23, 2006 1:19 PM
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