Recently (like on Saturday) I had to buy some stuff for the family and to my surprise there were two long lines in the store. In another store I went, it was really very hard to juggle your cart past the next cart. It was just plain crazy. I guess people are getting more confident in spending their money. But it may be that they don’t have any choice since its Christmas time and most of the people, even if they don’t have enough money will try to buy presents and gifts for their loved ones even if it means going into debt.
I guess that the Christmas time (or holiday time whichever you prefer) means that people are still going to buy since the enticement (meaning Discounts) by the retailers are so much that we the people will still find some money to pay for it. So maybe the month of December will distort the retail sales figure in January 2010 (or maybe it will not). But my point is that the Recession that so many economists are now claiming is over will not be so until we see significant improvements in employment figures and the retail sales figures will have to show a trend of more than two months to reflect any thing near the end of Recession.
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