Home

The Economic Populist

Speak Your Mind 2 Cents at a Time

Discussion

  • Forums
    • Labor Economics
      • Labor
      • Outsourcing/Insourcing
        • Immigration
        • Professional Labor Issues
    • Macro Economics
      • Fiscal, Monetary Policy
      • Global
      • Tax Policy
      • Trade Policy
      • Wall Street
    • Politics
      • Congress
      • Executive Branch
    • Admin
  • Home
  • Reads
  • Discuss
  • RSS Feed
  • Twitter
  • About
  • Contact
Home Discuss Wall Street

New blog posts

  • Must Read Posts for March 13, 2010
  • Friday Movie Night - China Currency Manipulation & Make Markets Be Markets
  • Lehman Brothers - If you are experiencing Déjà vu, that's because it is GroundHog Day!
  • U.S. Manufacturing Technology Consumption Bounces 26% Off Bottom
  • Economic Warfare? Europe versus Wall Street
  • Let's Chat Labor Productivity
  • Why we are headed into Depression
  • First Iceland, then the World
  • Creating State Level Jobs Programs: A Jobs Insurance Supplement
  • Sunday Morning Comics - Goldman Sucks Edition
more

User login

  • Create new account
  • Request new password

Navigation

  • User Guide
  • News aggregator

Recent Comments

  • Calling all rebels.
    5 hours 35 min ago
  • Participate? Oy!
    6 hours 37 min ago
  • I think there is a huge cultural problem
    1 day 2 hours ago
  • Interesting tidbit of info about Wellpoint (Anthem BC)
    1 day 6 hours ago
  • understand, the never ending "percent change" tunnel vision
    1 day 7 hours ago
  • no surprise here
    1 day 8 hours ago
  • There's a better plan
    1 day 9 hours ago
  • 1zackly
    1 day 13 hours ago
  • there you go
    1 day 21 hours ago
  • The crimes against the people diet
    1 day 21 hours ago
  • the thing is
    2 days 12 min ago
  • Many pieces on the transaction tax
    2 days 7 hours ago
  • Unions Here Also Targeting Wall Street
    2 days 8 hours ago
  • That Would Be An Immediate Low Cost Stimulus
    2 days 16 hours ago
  • No more mortgage companies feel shame or remorse
    3 days 2 hours ago
  • I'm getting jealous
    3 days 4 hours ago
  • They did something??? Wow
    3 days 7 hours ago
  • Let's address the real issues
    3 days 8 hours ago
  • outsourcing
    3 days 9 hours ago
  • "pre-ordained cheap labor
    3 days 11 hours ago

Poll

Populist Du Jour

  • Why we are headed into Depression

Vox Populi

  • Holy Cow Batman! SIGTARP Barofsky says U.S. on the hook for $23.7 Trillion in bail out!
  • Subprime meltdown over; now comes the bad news
  • The Deflationary Recession of 2009?
  • The Panic of 2008: a turning point
  • Text of Bail Out Act Before Congress - TAKE ACTION NOW!
  • U3 and U6 Unemployment during the Great Depression
  • Scientist Who Laid Ground Work for Nobel Prize Drives a Bus, Can't get a Job

Active forum topics

  • Outrage Du Jour - California Anthem Blue Cross to raise health insurance rates 39%
  • Manufacturing & Trade Inventories & Sales for January 2010
more

Atlanta Fed's Macroblog

  • A look at the income-side estimates of growth
  • Consumer credit, credit availability and The Credit CARD Act
more

BEA

  • U.S. International Trade in Goods and Services, January 2010
more

iMFdirect

  • This Time It’s Different
  • Something New Out of Africa: A Global Player
more

CBO

  • Estimate of the Budgetary Effects of the Senate-Passed Health Bill
  • Presentation on “Fiscal Policy Choices” to the National Association for Business Economics
more

powells

GAO

  • GAO-10-365, Electronic Government: Implementation of the Federal Funding Accountability and Transparency Act of 2006, March 12, 2010
  • GAO-10-464R, Revitalization Programs: Empowerment Zones, Enterprise Communities, and Renewal Communities, March 12, 2010
more

Instapopulist

  • Manufacturing & Trade Inventories & Sales for January 2010
  • EU to bail out Greece
  • Retail Sales - February 2010
  • A Letter Worth Reading from Senators Bernie Sanders & Jim Webb
  • Goldman Sachs Made $55.7 million on Build America Bond Fees
  • Trade Deficit decreases $2.6 billion from last month - Trade January 2010
  • State Unemployment Maps for January 2010 - Unemployment increases in 30 States
more

Calculated Risk

  • Unofficial Problem Bank List at 640
  • Nearing Retirement and Unemployed or Underemployed
more

Naked Capitalism

  • Links 3/13/10
  • Indefensible Men
more

Paul Krugman

  • Beck in the U.S.A.
  • Debt And Transfiguration
more

dorgan

The Baseline Scenario

  • What’s Wrong with the Financial System in Eight Minutes
  • Get Rid of Selection Sunday
more

Eyes on Trade

  • GTW Director Lori Wallach Appears on Bloomberg TV
  • Watch Lori Wallach LIVE on Bloomberg TV at 2pm
more

Econbrowser

  • Whither the Yuan?
  • Update: the 2010-19 Impact of PPACA on Budget Balance
more

TradeReform.org

  • Ag Trade Adjustment Program Launched
  • Stupak urges Congress to repeal NAFTA
more

EconomPic

  • Consumer = Unhappy, but Spending
  • The Changing Face of American Debt
more

Economist's View

  • "Managed Care: Get Used to It"
  • What's the Optimal Level of Unemployment Benefits?
more

Economy in Crisis

  • The Dow and the Down and Out
  • GM Dealers in Limbo
more

The Big Picture

  • The Forthcoming Financial Reform
  • Saturday Reads
more

Credit Slips

  • De-Detour: CDS Nudity on the Exotic Fringe
  • Debt and the People, Part I: The Cold
more

Manufacture This

  • Tight times for mill workers in Maine, Part 5
  • Recovery emerging from U.S. factories
more

Alan Tonelson

  • Trade deficit dips; exports, imports fall
  • Obama Launches New Exports Push as Trade Deficit Narrows -- but Hard Road Ahead
more

black swan

Beat The Press

  • Wrong Surprise on Retail Sales
  • The Dollar, the Deficit, and Accounting Identities
more

Nouriel Roubini's Global EconoMonitor

  • The Rise of Sovereign Risk in Advanced Economies
  • RGE's Weekly Roundup
more

Zero Hedge

  • Guest Post: The Big Dead-Cat Bounce
  • We Demand The Fed Be The Financial Uber-Regulator... The Australia Fed That Is
more

The Mess That Greenspan Made

  • CityCenter contractor to file $492 million suit
  • Your path to homeownership
more

Styles Checks-125 x 125- Animiated Marvel Banner

Tax Justice Network

  • Evening Standard: How the tide turned against tax avoiders
  • Slim (non-) taxes in Mexico contribute to disaster
more

Brad Delong

  • Talking About the Outlook
  • On the Filibuster
more

New Deal 2.0

  • Remake/Remodel
  • March 12
more

Steve Keen's Debtwatch

  • Everyone’s a critic…
  • T-Shirts for Kosciousko
more

Pension Pulse

  • Will the Real Debt Crisis Please Stand Up?
  • Return of the Pension Fund Fudge?
more

Angry Bear

  • O.K., let's just think about this budget thing for a while, Part I
  • Another link:
more

Robert Reich

  • The Sham Recovery
  • Bail Out Our Schools
more

Noslaves.com

  • Finally, a State saves money by hiring Americans and getting rid of H-1Bs
more

Financial Armageddon

  • Where the Hiring Is
  • The Upsides and Downsides of the Great Recession
more

Black Friday Sales Numbers - 0.5% increase from 2008, due to increase in total shoppers

Submitted by Robert Oak on Sun, 11/29/2009 - 13:32.
  • black friday
  • consumer spending
  • Wall Street

More shoppers, less sales per shopper. Total sales were up 0.5% from 2008.

The totals, from BIGresearch polling, are $41.2 billion. Last year was $40 billion. This is because there were more shoppers.

The average haul per shopper was $343.31. Last year per shopper was $372.57. This includes online sales.

This statistic, 31.2% of all shoppers were in line at 5am to me is telling. Only people who really need to save that extra $100 will get up in the middle of the night to stand out in the cold.

Since many online only retailers seemed to run their specials during Black Friday, it's unclear how low they can go for CyberMonday tomorrow.

Those expecting the holiday season to kick start American consumerism will assuredly be disappointed. No job. No sales, that's the bottom line.

I imagine people, very broke, were strategically hunting for bargains on very specific items, looking high and low for the cheapest price they could get. Now that the door busters are over, I predict sales will be light.

‹ Goldman staff arming themselves against angry proletariat Bloomberg "Sue the Fed" FOIA Reporter has died ›
  • addthis
  • Email this Instapopulist Forum topic
  • 0 points

is everyone playing with their Black Friday toys?

Submitted by Robert Oak on Sun, 11/29/2009 - 18:07.

The blog traffic today is way down! I'm assuming everyone is burnt out, playing around with their new gadgets.

Let's see, I've spent at least 5 hours fiddling with all of the features on my "home theater in a box".

What about you?

Forget Dubai, we're drowning in credit card purchased gadgets!

Anyone using a GPS to locate their bathroom?

Not yet rated.
  • reply

Post new comment

The content of this field is kept private and will not be shown publicly.
Input format
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <b> <address> <blockquote> <br> <caption> <center> <code> <dd> <del> <div> <dl> <dt> <em> <font> <h2> <h3> <h4> <h5> <h6> <hr> <i> <img> <li> <ol> <p> <pre> <span> <strong> <sub> <sup> <table> <tbody> <td> <tfoot> <th> <thead> <tr> <u> <ul> <tr>
  • Lines and paragraphs break automatically.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
  • Image links with 'rel="lightbox"' in the <a> tag will appear in a Lightbox when clicked on.
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.

Syndicate

Syndicate content

Add to Technorati Favorites

Privacy Policy

Google Delicious Yahoo! Bloglines Newsgator MSN AOL Rojo Newsburst RSSFwd
© Economic Populist 2008-2009