Black Friday Shopper-on-Shopper Violence, Best Indicator U.S. Economy is Alive and Well
Politics / Social Issues Nov 26, 2011 - 12:15 PM GMTI’m very relieved to hear of the various incidents of violence brought on by the "doorbusters" and other Black Friday-related narco-shopping come-ons. This mad rush to buy garbage is the single best indication we have that America’s consumers (and the economy that belongs to their appetites) are alive and well.
A Black Friday where no one dies or is sent to the hospital is a major red flag for those who watch the health of the economy anecdotally as I do.
So far we have a pepper spraying at a California Wal-Mart and an actual shooting in South Carolina (also at Wal-Mart). No crushings or tramplings just yet, but you know – fingers crossed. I would feel bad for the victims if not for the fact they are at a Wal-Mart at 4 o’clock in the morning and so they are de facto "asking for it" to begin with.
Links:
LA woman leaves 20 people injured after pepper-spraying shoppers (NYP)
Courtesy of Joshua M. Brown, The Reformed Broker
- Phil
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Philip R. Davis is a founder of Phil's Stock World (www.philstockworld.com), a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders. Mr. Davis is a serial entrepreneur, having founded software company Accu-Title, a real estate title insurance software solution, and is also the President of the Delphi Consulting Corp., an M&A consulting firm that helps large and small companies obtain funding and close deals. He was also the founder of Accu-Search, a property data corporation that was sold to DataTrace in 2004 and Personality Plus, a precursor to eHarmony.com. Phil was a former editor of a UMass/Amherst humor magazine and it shows in his writing -- which is filled with colorful commentary along with very specific ideas on stock option purchases (Phil rarely holds actual stocks). Visit: Phil's Stock World (www.philstockworld.com)
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