Thanksgiving showdown

Well, this is it boys and girls. This is the start of the of holiday buying time. This is where companies can make or break their year. Some have high hopes that this will be an lean year at best. But as you probably could guess, I'm thinking that this holiday season is going to be bad.

Sure you might see great sales but that leads to the question, who's going to buy these items. If you're broke, who cares if a TV is 1500, down from 3000? I've had my eye on a new TV and I've watched the price come down and down. If it wasn't for the fact I've got bills to pay I would buy it. I'm thinking that I'm in the same boat as a lot of other Americans this year. Even the family has said there will be no gifts, just a few for our family get together but no "big" holiday spending. I think that's what kitchen table talk is.

You're starting to see the numbers to support this. Even with everyone thinking that the government will extend their housing programs into next year, nothing official has come out which causes great anxiety. I can almost guarantee that these programs will extend but who am I, just some Broker (the best) but not the one who makes the rules.

I love Thanksgiving. It's my favorite holiday. I'm not one that goes out on Black Friday because I'm usually in a food coma for at least a day or two, but I'm going to be interested in what the stores do look like and the reports of how those store's earnings are doing in this most important of times. If stores don't do well, forget about seasonal hiring; how bad would it be for people to continue to loose their jobs at this time of year. That too will be a telling statistic of where the economy is at and where it's going.

I'm sure we'll talk again this week since I'll have time to pontificate, but if I don't, BEAR wishes one and all a happy Thanksgiving.