|Hello Capitol One ? Yes, Can you uh..extend my credit limit??|
In driving around locally Friday, I did notice that there was brisk traffic at both Wal-Mart and Target. I didn't really bother to go to the Mall but it probably was more of the same. The consensus seems to be that there was quite a bit of pent-up consumer demand that was unleashed today. It might be that a lot of people were out shopping for something for themselves as a reward for coping with the downed economy for the last couple of years.
It will be interesting to see if this end-of-year spike in consumer spending carries over into the early part of 2011. You can bet your bottom dollar that the in-coming republicans are already trying to spin this apparent economic improvement to suit their needs. So what else is new?