There is little evidence that the consumer is rolling over and retrenching, which could mean that the much hoped for “soft landing” may become a reality after all.
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Despite supply shortages, Americans are set to pick up their spending this holiday season.
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In honor of the start of the holiday season, I am embracing my inner Grinch. Not the early, stingy Grinch, but the one whose heart grew three times after understanding the true meaning of the season.
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As Thanksgiving fast approaches, the holiday spending projections are coming out of the woodwork. Estimates range from a 3.5 to 5.5 percent increase over last year’s results, despite the fact that the 2019 holiday season is compressed.
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And they’re off…with Halloween and the first snow on the East Coast behind us, it’s the most wonderful time of the year, the holiday retail sweepstakes! With U.S. economic growth on the upswing and unemployment at a 49 year low, consumers may be in a jolly mood this season.
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