Christmas shopping was down this year from last year? Is this a true sign that the economy is slowing down? Are we in or are we headed to a recession?
2007-12-27 01:35:02 · 8 answers · asked by Anonymous in News & Events ➔ Current Events
I don't know about a full blown recession but I think that now is probably not a good time to get into a lot of debt. At least in Canada. When our $$ gets too strong interest rates go up, so as long as we can keep our debt low...and our jobs (lots of US companies bailing out)...we should be OK.
2007-12-27 01:46:10 · answer #1 · answered by Nic 6 · 0⤊ 0⤋
I know I would rather buy food and gas than gifts for friends and family they probably wont use after the first day of Christmas. That's why I made them gifts this year. And the only thing on my wishlist was tires and things I know I need but can't afford.
2007-12-27 01:41:54 · answer #2 · answered by Jetty26 2 · 1⤊ 0⤋
Maybe Christians are clueing in on the real meaning of Christmas? Really, all that stuff coming out of the malls is just future fodder for garage sales, ebay, Goodwill, etc.
2007-12-27 01:40:25 · answer #3 · answered by Brenda P 5 · 0⤊ 0⤋
but the sales of the last minute holiday shopping was up 15% more than last yr.
2007-12-27 01:49:36 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Just a slow down.Recession is still far off.
2007-12-27 01:49:52 · answer #5 · answered by brkshandilya 7 · 0⤊ 0⤋
things are ruff now for everyone the economy is way out of it
2007-12-27 01:46:11 · answer #6 · answered by datsleather 6 · 0⤊ 0⤋
I think it's not Bush's fault it's us who are not spending our money. We're just holding on to our money this year.
2007-12-27 01:43:55 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Thanks to Bush we are headed in the wrong direction.
2007-12-27 01:37:51 · answer #8 · answered by Scooter_loves_his_dad 7 · 0⤊ 0⤋