Re: They're still waiting for the procrastinating shopper

[Michael Perelman <michael@xxxxxxxxxxxxxxxxx>]

Jon is absolutely correct that the upsurge in imports means that consumer
activity is not as important as it might have been in the past.  The one
thing that has been holding up the economy has been consumer spending, so
the Wal-Mart announcement was considered to be scary.

On Fri, Dec 27, 2002 at 06:23:41PM -0500, Jon Flanders wrote:
>
> Here's a question for the economists on this list. What does it mean for
> Walmart et al to have a bad shopping season, when so much of what they
> sell comes from China and other countries where the working class has
> little spending power?
>

--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael@xxxxxxxxxxxxxxxxx

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