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The Consumer is Not Dead...Yet

Tuesday, November 29, 2011

Global stock markets rallied strongly yesterday and are adding to those gains today based on two fundamental observations. The first is that the U.S. consumer is not dead yet: consumers shopped like crazy on Black Friday, literally. Reported episodes of post-traumatic-shopping-disorder were up 7% at WalMart. Consumers’ improving spirits were also validated by today’s report by the Conference Board on consumer confidence, which rebounded sharply off of October’s dismal lows, when 1 in 10 consumer’s reported they were stockpiling beef jerky in their cellars.  Continue reading ยป