Oh, it could have been worse, I guess. Could have gone negative.
...MasterCard Advisors SpendingPulse reported a 0.7% increase in holiday
sales as compared to last year. The number was a disappointment as the
general consensus expected sales to rise by up to 4.0%. Instead, the
modest uptick represented the slowest growth in four years...
That would be less than 25% of expected growth.
Four years of rolling up debt, increasing costs-of-regulation, and total uncertainty over huge tax increases, and that's what you get.
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