I read in the media that the economy was rapidly improving?
U.S. holiday retail sales this year grew at the weakest pace since 2008, when the nation was in a deep recession. In 2012, the shopping season was disrupted by bad weather and consumers’ rising uncertainty about the economy.
A report that tracks spending on popular holiday goods, the MasterCard Advisors SpendingPulse, said Tuesday that sales in the two months before Christmas increased 0.7 percent, compared with last year. Many analysts had expected holiday sales to grow 3 to 4 percent.
Whoopsie! That’s quite a big miss, economists. Let me wake Barney and Frank, The Dynamic Hamster Duo, who are sleeping off the holiday roast beef and yorkshire pudding. I wonder if they thought that sales would rise 3-4%?
Come on, guys, wake up! Just a quick question. (Hamsters can be very lazy.)
Ok, here’s what they said, and they said it really grumpily: “Aggie, have you looked at your credit card bill? What did your spending do?” Hmmm. Mine went down, substantially. “Well, duh. That’s because you don’t get the warm fuzzies from this economy. So for everyone out there who maybe increased spending a little, there are lots and lots of Nervous Nellies who read the financial news and think about this stuff. And they ain’t feeling too good about the future. So they cut way back.”
“Is it ok with you if we go back to sleep now?”
Rude, squeaky voices. After all I’ve done for them. The sooner the better.