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Mark · Site Admin Joined: 13 Nov 2007 Posts: 1052

Dismal Christmas sales forecast for US retailers

http://rawstory.com/news/afp/Dism..._sales_forecast_for_10272008.html

Excerpt:

Standard & Poor's Ratings Services predicted "the most difficult holiday season in memory" for the retailers as American consumers rein in shopping, buffeted by plunging stock and housing markets and growing layoffs across the country.

S&P said that sales in retail stores (not including automobile dealers and restaurants) "will at best be flat with last year's 255 billion dollars.

"Indeed, in a more likely scenario, we see holiday sales falling perhaps two percent to about 250 billion dollars."

(C'mon folks, we can do better than that. With just a little effort, we can take back the whole $850 billion that the bailout stole from us. Don't go shopping! --Mark)