Thursday, December 27, 2012

More. . .

. . . more, more. . .


I realize the importance of stimulating the economy and economic growth.  I also know that when it comes to increasing profits (or should I say the 'accumulation of wealth'?) the human race is most certainly on board.  Dylan Ratigan (in his book GREEDY BASTARDS) says that there is good, long-term greed - the type where someone provides a valuable product or service of high quality and reasonable price, and profits from it at a reasonable rate over a long term - and then there is bad, short-term greed (the one practiced by the 'bastards') where someone provides something of little to no value (or even swindles through questionable means) and reaps gigantic profits very quickly. I fear that pursuit of the latter type is much more prevalent these days than the former . . .

(from http://www.nbcnews.com/business/economywatch/nervous-retailers-hope-post-christmas-rush-1C7659314)
". . . The biggest holiday of the season is over, but retailers are hoping that you aren’t done with your holiday shopping quite yet.

“The next few days are critical for retailers. They’ve got some catching up to do,” said Marshal Cohen, retail industry analyst with NPD Group.

On Wednesday, big chains including Macy's were already pushing their post-Christmas bargains, while major discounters including Wal-Mart were encouraging shoppers to redeem their gift cards right away. But the fallout from a big Christmas storm could hurt their efforts if shoppers decide they prefer a cozy rest of the week at home instead. . ."




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