Black Friday (the shopping day the day after Thanksgiving) proved to show signs of life during a slow and sluggish economic forecast. The economists and retail experts attribute this shopping surge (a 3% increase in retail sales from last year's figures) to customers responding positively to the retail discounts offered on the biggest shopping weekend of the year.
Are the signs of consumer confidence going to spell slow recovery to the rest of the market? Well, let's hope so! Recovery in our markets will surely be slow. There is no overnight remedy for the loss that major companies in our Country have suffered. What IS important is restoring that confidence in consumers to spend money.
Right now, economists are looking for any signs of confidence to show investors and other Americans that we are still a strong economy and Americans have faith that we will make it through this hardship. This is a positive sign, friends! Let's have a Merry Christmas and faith that our Country's great citizens will remain strong and have a great 2009!
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