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Christmas Shoppers Ready to Return?

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  • Description

    MoneyAnswer.com’s Jordan Goodman argues that retail sales will be up 5% this holiday season.

  • Duration 3:30
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-- us -- tired of cutting back and they will shop with a vengeance this Christmas so says our next guest.

Joining the company is Jordan Goodman with -- and says dot com is the also all the Mac's at your desk.

-- use -- that telling me that holiday shopping will -- are finding it.

Let's 5% that -- threat to last year a threat there's a lot of pent up demand people have been holding back for a long time.

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Think people are going to be shopping I mean these are stores are going to be opening.

Thanksgiving night he -- right.

We've got lousy economic growth 9% unemployment 16% real unemployment -- And you think there's a lot of pent up demand.

Particularly amongst the high -- kind of people so here are some things ago or so very well the apple -- -- phone is going to be super haven't sold out medication can get the thing.

-- -- and tablets in general are going to be very very strong there's a lot of games like the -- -- with the Xbox 360s it's been very very hot.

Bugs boots the very happen.

-- has an issue called the six point oh that's a very hot shoe.

His another one cruise -- perhaps some unsold tablets so that those are being sold and given it would get some nice cruises out of its of -- lots of things we're going to be sold.

What went on gone wrong here and I thought about delusional usually -- well is discount.

Focus that is rich people or affluent people looking for value.

That's part of it but there are some is that from an apples not discounting outbound -- and that -- -- -- -- -- just have a throughout all of us being discovered some of us.

I mean you can see some incredible door buster sales of products -- prices gonna be down there wanna get him in the stores and how much other stuff while there in the store so.

I think what we've been hearing is that more people come out on Black Friday but because they're looking for deals they actually anticipate spending.

Potentially less sue I don't imagine being Blockbuster except for the two or three products you mentioned I think people are still -- Well video give -- I just join this conversation with my guess if you look at the Dow Industrials right now drive Goodman.

It down a 177.

Point they -- are very Wall Street focused Africa limited rich people own stocks they do you think that the gonna go out volume which is gonna buy always like cuts of vacations -- -- So yes even -- the stock markets that I still think people are gonna do relatively well at the high and look at like Nordstrom's sales have been to during very well.

Sachs has been doing very well.

So it's not everybody is doing well but certainly areas of -- do you go to -- -- I do not my son on some metals room I do not sense I do not that you mentioned Amazon Amazon's done fantastically -- -- -- everything these days are not just books and ultimately they're going to be I think that and his driver sort of if a lot of the sale of ourselves it used to be in the stores are -- going on month.

They're talking about Cyber Monday I think we're gonna have cyber Friday to some -- people buying things.

Very strongly on mark OK and -- what do -- feel better -- You you're trying Hata need that the numbers you'll -- -- some -- -- his little pricey put it on the screen.

The Dow industrial averages down 170.

-- points right 111300.

-- -- -- Jordan Goodman on going to be invited back on this program excellence he got 5% holiday sales gains you talked -- you've got.

Absolute guarantee.

Really absolutely.

I don't -- money back and realize what you do you want to make a map I'll give your your bag a refund if I don't meet the numbers we kind of lost.

Where exactly it took you know I -- -- thank you must look very good self liberation percent.

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