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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (104972)	11/28/2009 1:12:23 PM
From: dave9	Respond to of 116555

Bankruptcy filings ... are up 35 percent... ...At the same time, merchants are scrambling to stock their shelves in preparation for the make-or-break holiday season. In normal times, retailers tend to borrow money in order to buy holiday inventory with the aim of repaying those borrowings once they have collected on their accounts receivable during and after the holiday shopping season. This year, however, is likely to be far more challenging as credit, particularly for small businesses, has dried up. Add to this the previously mentioned weak personal-spending trend, and business owners are faced with a cash crunch that could leave them challenged when it comes to stocking their shelves with products that consumers may want to buy this year... washingtontimes.com Just about finished off the last bit of turkey: cold turkey on hard rolls. We rotisserie the bird on the grill this year; nice way to cook. Have a good weekend. - David

To: mishedlo who wrote (104972)	11/29/2009 5:27:18 PM
From: maxncompany	Respond to of 116555

"Consumers Cherry Pick Black Friday Sales ritholtz.com The good news, according to the National Retail Federation, is that 195 million U.S. shoppers visited stores and websites this past weekend, an impressive 13% jump over last year. The bad news: average spending fell nearly 8% to $343.31 per person, the lowest level in four years, while overall sales were up only 0.5% versus last year’s total. In sum, it looks like a lot more people came out to cherry pick the biggest bargains — but not much else. That doesn’t seem to be a particularly encouraging sign, especially for retailers’ margins."