According to WallStreet Examiner’s Lee Adler, disposable household income is down. House values are down. Stock values are down. Net worth, at least by any honest measurement is down. Savings return no income, and have no prospect of doing so. Government employees are in some danger of losing their jobs and, unless they have cognitive problems, should know that their pensions will start later and return far less. Europe is about to fail. China has a trustworthiness factor of approximately zero. And then there's the minor detail that the world is drowning in debt and there's no prospect for growth, so there's no hope for any of this to improve without a reset, and the politicians aren't going to let that happen.
Mentioning things like “increased traffic” or “items purchased” and avoiding mention of actual profits, we know Black Friday failed. How will they spin it….
Read more at http://forums.wallstreetexaminer.com/topic/1020059-how-will-msm-spin-a-failed-black-friday/
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