Where The Heck Was The “Festive Spirit”?

From Testosterone Pit
December 26, 2012 - 6:26pm

Shocked and appalled—that was the reaction to the shopping-season debacle in the US. It was triggered by MasterCard’s ugly report. But now there’s a new term to describe “consumer spending,” “consumer debt,” and ultimately “trade deficits” when they occur as a function of such uplifting concepts as “holiday season” and “Christmas” whose magic is boiled down to just one issue: how much did everyone spend?


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