Retailers are so desperate that some are reverting to the Middle East bazaar model. What next? Retailers become like Egyptians and physically assault people in a vain attempt to turn them into paying customers?
Looks like my $25 floor on oil prices may have been overly-optimistic. Parts of this story make me want to cheer:
...Americans continue to cut back on driving amid the worst recession in a generation, leading to growing stockpiles of gasoline and eroding demand for motor fuel....
...Oil traders so far have brushed off attempts by OPEC to boost prices through production cuts....
Keep it up, America. Lets see those Arabs drink their oil.
Not really economic news, but we have the Notable Quotables for 2008. Some are economic, but due to the election, most are political. What would the world laugh at if there wasn't a Chris Matthews?
And the economy can't be that bad if the iFart application for the iPhone can make $10,000 a day.
Probably my last post before we leave, so Merry Christmas for real.
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