Valentine’s Day spending
Valentine’s Day spending is expected to drop this year to $28.6 billion, or 4.8 percent below last year, according to IBISWorld Inc.
“Tightening household budgets will make it difficult to justify splurging on loved ones this year, especially for couples with children who have just had to budget for the Christmas holiday,” said George Van Horn, senior analyst for IBISWorld.
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Categories: Mixed Tags: budget, day, downturn, Economy, flower mart, group, micalizzi, owner, price, spending
10 Outrageous Claims 2009
Saxo Bank Strategy and Research
True to Saxo Bank’s now annual tradition, we in Strategy and Research are delighted to present our “10 Outrageous Claims†for 2009.
The primary reason for doing this “Black Swan†exercise every year is to counter-balance human psychology, which is usually skewed towards optimism. We tend to be somewhat more pessimistic in our Yearly Outlook than the average analyst in the market, and believe that it is important for the investor to always factor in the less likely scenarios (as perceived by the market). Please keep in mind that this is more of a thought exercise than a set of outright predictions – we do not consider the chances are better than 50-50 for all of these claims.
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