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THE RULES
Is It Wet Yet?


File: 00bb5ea2d2a8e9d⋯.jpg (98.87 KB, 640x427, 640:427, GettyImages_1245083277_640….jpg)

1ebc6a  No.300233

By John Carney

https://www.breitbart.com/author/john-carney/

The busiest shopping day of the year is not as busy as retailers hoped.

Across the U.S., shopping malls are seeing only thin crowds, according to reports in business media. Inflation and depressed consumer sentiment appear to have dampened the holiday shopping spirit.

https://www.breitbart.com/economy/2022/11/25/black-friday-disappoints-thin-crowds-and-desolate-stores/

____________________________
Disclaimer: this post and the subject matter and contents thereof - text, media, or otherwise - do not necessarily reflect the views of the 8kun administration.

6c6d59  No.300251

They kept claiming that this Black Friday would be one for the record books.

But the empty stores were too obvious to ignore.

So now they're claiming that online sales have set a record.

But of course the virtual realm is often tough to impossible to verify by the common observers.

I worked in Marketing for decades, and when event ticket sales were slow we would start running the "tickets are going fast" and "limited seating" commercials to try to entice people into buying.

Disclaimer: this post and the subject matter and contents thereof - text, media, or otherwise - do not necessarily reflect the views of the 8kun administration.

8bdc24  No.300261

Lame

Disclaimer: this post and the subject matter and contents thereof - text, media, or otherwise - do not necessarily reflect the views of the 8kun administration.

6c6d59  No.300290

A problem with stats….

They can be easily manipulated to show whatever one wants.

Case in point, "Black Friday" sales.

What is "Black Friday"?

Is it just the Friday after Thanksgiving?

Or has it been extended to "Black Friday" weekend, even "Black Friday" week?

Most every major retailer I've seen have extended their "Black Friday" sales through the weekend, and most often extending into the week after.

So, it seems the Statisticians may be comparing apples to oranges….

I.e. one single day "Black Friday" sales of the past to "Black Friday" week-long sales this year.

Much like those continuing to claim that "unemployment" is at historic lows, failing to recognize & point out the fact that the BLS has revised & redefined the term "unemployment" to systematically exclude those long-term unemployed persons (i.e. "discouraged" worker), whom have been out of work for up to 12 months.

And after 12 months become defined as "long term discouraged", in order to shuffle them off into yer another oft-ignored column.

"In economics, a discouraged worker is a person of legal employment age….who has not found employment after long-term unemployment, but who would prefer to be working."

"In the United States, a discouraged worker is defined as a person not in the labor force who wants and is available for a job and who has looked for work sometime in the past 12 months (or since the end of his or her last job if a job was held within the past 12 months), but who is not currently looking because of real or perceived poor employment prospects."

(source = BLS Glossary)

"The Bureau of Labor Statistics does not count discouraged workers as unemployed"

(Source = BLS)

Never mind the fact that any "increase" in spending is being fueled by higher prices, not increased activity.

BEWARE OF HIGHLY MANIPULATIVE NARRATIVES & STATS.

Disclaimer: this post and the subject matter and contents thereof - text, media, or otherwise - do not necessarily reflect the views of the 8kun administration.



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