Cyber Monday Better Than Expected

Posted By: Dr. Frugal in Economics on 11/28/2007 at 06:49:08

Cyber Monday exceeding expectations by a solid 40%. This means one of two things: either the economy is not doing as badly as everyone thought or people have absolutely no problem racking even more credit card debt. If I were a betting man, I would put my chips down on the latter, but maybe I'm wrong and it would be fantastic news for everyone if I were. I suspect people are just trying to buy themselves out of the unhappiness of the past year but we'll just have to wait and see if I'm wrong.

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