Datapoint supporting the coming econopocalypse

I’m obsessed with the economy these days, to the point where I occasionally drive Susan a bit nuts at dinner chattering about it, but it’s pretty clear we’re entering into a significant recession and possibly worse. Evidence supporting the worse angle would be this article on engadget, , where they report that Black Friday sales declined… for the first time ever. There’s perhaps no greater indicator of the collapse of US consumer culture than this, folks. For the record, sales were down by 8%, which hardly seems terrible until you consider companies were already forecasting lower sales to begin with, to the point where companies like Circuit City already were facing bankruptcy. Another way to express it would be: if the black friday sales can’t get gluttunous US consumers to pull out their walletts, what can?

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