If there was a Merry Christmas for most people, it looks as if there might be a wicked financial hangover for plenty of others, including the country’s treasury.
It sounds as if retail sales were up a bit. How much of that was inflation-related and how much of it was optimism spending, I really don’t know.
I’m not an economist – I only play one here at HotAir.
However you look at it, a buttload of cha-ching changed hands.
…Shoppers spent between $979.5 billion and $989 billion last month and in December, with retail sales up 2.5% to 3.5% from a year ago, according to an estimate from the National Retail Federation, the nation’s biggest retail trade group.
Retailers are now looking to encourage more of the same in wrapping up the holidays with additional post-Christmas promotions. This…
