Black friday and signs of consumer economy

 http://www.nytimes.com/aponline/2012/11/…

 

This brief New York times article talks about the impact of black friday on the stock market. People are more willing to buy with the increased value of the stocks. With the increased consumer spending, stocks are less risky and look like better options. The power of purchasing in our economy reflects that it is one based and run on consumerism. Empowering the entire population to buy more is better for our economy.

1 Comment »

  1. Nicolep Said,

    November 26, 2012 @ 3:18 pm

    This article brings up an interesting point about how much of an impact retail has on our economy. Sales intrigue customers to make purchases even if they were not planning on it because they believe they are saving money by buying the item during the sale when in reality, the products are priced higher originally and the sale prices turn out to be the actual market price. On Black Friday especially, some people shop just because it is Black Friday and do not make purchases with sales. Either way you look at it, Black Friday increases customer interest in making purchases, ultimately increasing the profits of many stores; therefore, increasing our economy (considering consumer spending accounts for 70% of the US economic activity).

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