Sunday, December 28, 2008

EDITORIAL: Fear mongering?

Bold Dec. 28th headline at : "Christmas Tally: Retail Sales Plummet"

"Retailers' sales fell as much as 4 percent during the holiday season, as the weak economy and bad weather created one of the worst holiday shopping climates in modern times, according to data released by Spending Pulse."

In other words, despite the bad weather and the weak economy, holiday sales achieved over 96% of the level of the prior year! To some of us, this news is encouraging considering all that the economy has gone through over the past three months.