As I took my daughter to the mall yesterday to use her gift cards from Christmas, I could not help but notice the 70 to 80% off signs everywhere. Living in a world of too much stuff does offer some savings for consumers. Slashed margins also suggest however ongoing declines and consolidation for retailers, retail real estate, retail construction, consumption taxes, oh yes and GDP that is 70% based on consumer spending totals. But all necessary pain to get rid of the excess inventory and capacity plaguing the global economy today post-credit bubble.
Bargain Fever” Author Mark Ellwood discusses post-holiday retail shopping. Here is a direct video link.
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