Wednesday, December 8, 2010

What Recession?

The other day I was at the mall trying to get stuff for myself (you know the jacket and warm stuff) and I was amazed to find that there was no parking in the parking lot. It was as if everybody has won a lottery and were there to spend it right away (they may have been thinking the same thing about it). Anyway there were so many people in the mall and everybody was carrying some bags. Even at the food court, tables were hard to come by and then they say we have a recession. I am guessing these were the other 90 percent or so employed people who were there to splurge their money.

You know recession or not, when the holiday times comes (starting from Thanksgiving to the Christmas time and beyond), people spend money even if they do not have it. There are kids to be spoiled and your relatives have to be brought something for the holidays. Everybody expect that even if they know you may be out of work. Every little gift really brings cheers and joy. But the number of people and the full parking lot surprised me a little bit. I am now guessing that there is a backlash against all this doom and gloom talk and people just want to spend some money after building their cash reserves over the last two years.

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