Black Friday BoobusMonday, November 28, 2011
The American media has become so immune to the inanity that only the foreign press dares to consistently cover (and make fun of) American Black Friday “traditions.” Ya gotta love this Mail Online headline: “Black Friday madness: Grandfather body-slammed by cops, man tasered, two shot, Wal-Mart in bomb scare and woman pepper-sprays rival shoppers on day of chaos.” Someone had fun with that paragraph headline.
In jest, the same newspaper also has fun with this story: “Half of Americans hit the shops as US stocks record worst week since the Great Depression.”
US stocks closed down today, ending the worst Thanksgiving week since the Great Depression.
The Dow and S&P posted their worst equivalent week, in percentage terms since 1932.
Debt-subsidized Americans are imitating Greece as the Mall of America had a record day, and Bloomberg reported that “Black Friday sales increased 6.6 percent to the largest amount ever as U.S. consumers shrugged off 9 percent unemployment and went shopping.” Meanwhile, I get a kick out of all of the deep thinking that produced Black Friday Boom stories that began with “consumer confidence rose …. as shoppers spent billions…” In the meantime, I understand that the US Government has not yet released the recession/depression/unemployment memo. Oh, that coal in the stocking.