The Original Black Friday
For those who live outside of the U.S., the day after Thanksgiving (yesterday) is dubbed Black Friday in celebration of the starting Christmas shopping season. The vast number of non-restaurant retailers see a disproportionate amount of their entire annual sales for the Christmas holiday season. Some up to 40%. Add back to school and the number is well over 50% of annual holiday sales for the majority of soft goods and some hard good retailers.
Nothing like starting Black Friday off with a wallop. With global markets down substantially both yesterday and today and with Dubai's coming sovereign debt default (a near certainty for a very large number of emerging markets in my estimation) what psychological effect will this have on an already weak American consumer? We can expect it to be substantial.
That brings us to the original Black Friday. Not the start of the Christmas shopping season but one of the greatest financial crises in American history. Again, caused by the Wall Street Banksters. It's quite ironic that we see both the retail and financial Black Friday now converging on the same day for the first time in history.
From my many bearish posts on gold, you might infer the original Black Friday might actually be in play again in modern times ...... It is again financial speculation that is the primary driver for gold's ascent. More on that in a future post where we again reaffirm our negative position on the shiny yellow metal.
As we have said countless times over the years, the world is not as it appears. As it reveals itself, most everyone will be caught completely off guard.
Nothing like starting Black Friday off with a wallop. With global markets down substantially both yesterday and today and with Dubai's coming sovereign debt default (a near certainty for a very large number of emerging markets in my estimation) what psychological effect will this have on an already weak American consumer? We can expect it to be substantial.
That brings us to the original Black Friday. Not the start of the Christmas shopping season but one of the greatest financial crises in American history. Again, caused by the Wall Street Banksters. It's quite ironic that we see both the retail and financial Black Friday now converging on the same day for the first time in history.
From my many bearish posts on gold, you might infer the original Black Friday might actually be in play again in modern times ...... It is again financial speculation that is the primary driver for gold's ascent. More on that in a future post where we again reaffirm our negative position on the shiny yellow metal.
As we have said countless times over the years, the world is not as it appears. As it reveals itself, most everyone will be caught completely off guard.
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