Yesterday Americans Spent $5 Billion Online (cnn.com)
An anonymous reader quotes CNN Money:
Black Friday 2017 was all about digital sales. American shoppers spent a record $5 billion in 24 hours. That marks a 16.9% increase in dollars spent online compared with Black Friday 2016, according to data from Adobe Digital Insights, which tracks 80% of online spending at America's 100 largest retail websites... Meanwhile, malls and big-box retailers were left only slightly emptier. Early estimates from ShopperTrak, a data analytics company that measures the number of shoppers at stores, said foot traffic "decreased less than one percent when compared to Black Friday 2016."
I don't have to spend any gas, spend less time, and don't have to deal with people exercising their primate brains elbowing each other just to save a few dollars. Just look at the black friday crowd videos on Youtube. You'd think the apocalypse had just been announced.
I didn't buy a bloody thing :)
Too bad half of the Chinese don't speak Mandarin. Also, the ~$1T we owe them is about what is handed by the Fed to the Treasury each year on a silver platter. If for some reason China said 'pay up or else!!' they'd just print another Trillion, no sweat. Much ado about nothing.
Corruption is convincing someone that the selfless ideal is the same as their selfish ideal.
So I was home yesterday. Here we have 1 day delivery on online purchases and I think I may have been the only person in my apartment building home. Long story short, my entire entry way is full of my neighbour's parcels and I've had a steady stream of people coming to pick them up.
Quite bizarre.
I don't know that it's a great thing, necessarily. Debt is absolutely out of control. The next recession could be a real financial apocalypse if people don't wise up.
US National Debt was 8 trillion 10 years ago.
It's over 20 trillion today.
Consumers learned that behavior from Uncle Sam.