And people thought the US consumer was dead? #$%$ Don't tell my wife she can't shop lol! She could keep the whole US economy out of a recession lol!:)!:)! I'm keeping her away from Hermes....gotta save that for later.....she can go to Target instead lol.
Your wife has credit and liquidity but she can't do it alone!
I won't argue a nice day in commods and stocks generally but the US consumer IS dead.
Ditto for the Euroland but not so much the EM's.
One day of shopping is hardly a good indication of the whole Xmas season.
heard an interesting bit from Berman.
He thinks that boomer demographics are really starting to bite on the whole Xmas attitude and spending thing and he thinks that a lot of the spending we are seeing now is about people spending on themselves because Xmas provides all the bargains.
We'll see how the trends go but I'd be very surprised if retailers can keep up this momentum....especially once the boomers have finished shopping for themselves.