The economy is not in good shape right now, but the economic reporting by the “mainstream” media is abysmal. For instance, this article from CNNMoney.com shows the writer working hard to present the positive data are really being gloomy. The opening sentence sets the table for the writer’s theme: Stores and online merchants were busier this weekend than they were a year ago, according to figures out Sunday, but signs persist that holiday shopping will suffer in the weakest economic climate in decades. Unfortunately, facts are stubborn things (my editing): The National Retail Federation (NRF), an industry trade group, said shoppers spent $41 billion in the 4-day Thanksgiving weekend. The… Read More
Continue ReadingGreen Monday – Better Than Cyber Monday
I didn’t know this: FORGET CYBER MONDAY. NIELSEN ONLINE has confirmed that Monday, December 10th was the biggest online shopping day this season, based on its Holiday eShopping Index. The index comprises data from more than 120 online retailers across 12 categories. The Index showed 34.9 million at home and work unique visitors on “Green Monday”–a term recently coined by eBay to describe the second Monday in December as the heaviest online shopping day of the season. Spending hit $881 million on Dec. 10, according to comScore, up 33% from last year. (From Online Media Daily)
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