The economic significance of Black Friday
- The sales registered on Black Friday are frequently seen as a litmus test for the overall economic situation of the country and a way for economists to assess the confidence of the average American.
- Those who follow the Keynesian hypothesis that spending drives economic activity view lower Black Friday sales figures as a harbinger of slower growth.
- Some investors and analysts look at Black Friday numbers as a way to gaugemeasure the overall health of the entire retail industry.
- Others suggest that it only causes very short-term gains or losses.
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"Many people are in the dark when it comes to money, and I'm going to turn on the lights. " ~ Suze Orman
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