New US Economy Policy Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : New US Economy Policy

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Arthur Tang	7/21/2010 12:08:03 PM
	of 435

Half the economy is done in December or in the so called X'mas trade. It starts in July to stock for back to school sales. Then move along all the holidays until X'mas. X'mas sales actually starts on thanksgiving weekend. So, as usual, the prediction for this X'mas will be 6-8% increase in spending over last X'mas. This is on the products introduced in stores, toys, clothing and electronics. This year, electronics will start below $100 each. Cash savings for X'mas trade is currently very good, and banks are giving out credits in the form of cash reward credit cards. Generally new cards gets $2100, or $5000 credit for each new card, plus incentives for spending, rewards of $75-100 statement credit from bank's 3% profits on credit card spending and some accrued interest payments. The increase in economy did not come from wishful thinking. the banks are promoting business with credit card issued and new credits given to spend now and pay later. So, we expect that economy will not have double dip. But the economy will improve based on credits given out by banks.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next