Submitted by Charles Hugh Smith from Of Two Minds
Guest Post: Just A Holiday Reminder: Black Friday Is Utterly Meaningless
You'd never know it from the media coverage, but Black Friday sales are essentially meaningless noise in the U.S. economy.
You know the economy and stock market are in deep trouble when the Mainstream Media elevates one essentially meaningless metric to "The One Meaningful Statistic" and then trumpets it slavishly. One such meaningless metric is Black Friday.
The Media
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