1.11.14

Mish's Global Economic Trend Analysis

Mish's Global Economic Trend Analysis


Christmas Shopping Season Starts Today: Walmart Leads the Way with Price Cuts on 20,000 Items for the Holiday Season

Posted: 01 Nov 2014 11:58 AM PDT

In the past few years the Christmas shopping season moved from the "Black Friday"  the day after Thanksgiving, to earlier and earlier starts on Thanksgiving, then to the day before Thanksgiving.

Today Walmart leapfrogged the pack with 20,000 items on sale for the holiday season.
When Halloween ends on Friday, Walmart will be switching over its stores to greet the holiday season.

On Saturday, the retailer will offer more than 20,000 "rollbacks" or sale prices on items including groceries and popular brands such as Disney "Frozen," Teenage Mutant Ninja Turtles, Samsung, and Dell.

Then, on Monday, Walmart will relaunch its 24-hour holiday cyber savings event, in which customers can take advantage of free shipping on millions of items from Walmart.com. Orders must exceed $50 for free shipping. Walmart said it has expanded its online offerings to include 7 million items – one million more than last holiday season.
At the current rate of accelerated progression, the Christmas shopping season will soon move to October, then September. Christmas year round, anyone?

Commenting on the news, Janet Yellen said "Damn Walmart to hell! They should be raising prices not lowering them". 

Actually, I made that up, but it's likely what's going on in her mind. Indeed, it's precisely the way Keynesian and Monetarist clowns think.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com

Chris Martenson and Mish Audio on Bank of Japan's Surprise Move on Friday

Posted: 01 Nov 2014 12:14 AM PDT

Every other Wednesday or so, Chris Martenson and I get together for a podcast. Sometimes one of us or the other is out of town, and sometimes Chris has other guest speakers.

Because of scheduling difficulties, Chris and I got together today instead of Wednesday. I asked Chris to make today's podcast generally available.

For our take of Friday's BoJ surprise move, please play the audio on Chris' Peak Prosperity site: Off the Cuff: Japanese Central Bank Throws Granny Under the Bus.

The audio is about 25 minutes long. The podcasts are not scripted. Chris and I just talk "off the cuff" on events of the day or the week.

In case you missed my Friday commentary, please see Nikkei Futures Up Limit, Yen Collapses, Dollar Up, Gold Down as BoJ Pledges "Unwavering Determination" to Get 2% Inflation

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com

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