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Black Friday
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Stock market on Saturday liked the preliminary promising figures from the Black Friday sales. Considering that retail sales in Nov. and Dec. account for a quarter of the overall retail sales of the whole year, the stock market is not overreacting to a "number". We'll see how it does tomorrow, actually, in a few hours. | ||
Spamathon
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Fresh food is more expensive than processed or canned food. When the economy steps into recession, spam is getting more attention. Fresh produce become too expensive so more and more people turn to canned food. It's sad that when the recession worsens, so does the national health. Next time you have one, just think about Monty Python, that will cheer you up a little. | ||
Loyalty or Love affair
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Someone called in to radio station and said both his dad and he were very loyal Chrysler customers. The host said "that's the same kind of loyalty customers have towards Apple." Right, when loyalty turns into love affair, you really have something going for you. Well, if the Big 3 auto makers' ultimate solution is to sell more cars, they better keep their fingers crossed that their customers are more sentimentally attached to their "aroma" than, say, quality of the cars. | ||
When the pendulum swung too far to the other side
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"Thousands of laid-off auto workers get paid $31 an hour to sit around and do nothing all year under a controversial program that could continue even if American taxpayers bail out the American auto industry." - fox news. "The [laid off] employees may become 'creditors' with claims against the company -- they would be in the same position as bond holders and other creditors." Funny as it sounds, it's true. This is a program created in 1984 when the big 3 were doing well. If the program continues, thousands of laid off auto workers can get paid 90-95% of pay by doing nothing. Does that make sense to you? But I heard that UAW is considering to discontinue this program in order to secure a bailout. It's like, you want to milk the cow as much as possible but don't want to milk it to death. | ||
Store Holiday Sale Countdown
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4-day countdown for Christmas starts. Store that I have seen that has the most aggressive sale is Kohl's. Everything is on sale, everything. I had a hard time finding something not on sale, just for fun. And deep discount too. 50% off, 60%, 65% even 70%. Mervyn's used to be same kind of store and it just went out of business. I wondered if Mervyn's started sale this aggressive, would it save it from going out of business? Stores like this are desperate, I can sense. But the effects are also very visible. Check out lines are very long. By January, we will find out who's the winner and who's the loser. | ||
