Target and other online retailers did well, but traditional brick-and-mortar retailers took a pounding this Friday. A chilly Black Friday for some brick-and-mortar retailers
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Items from Professor Preponomics:
Beware of the Sure Thing: Possible Curve Balls for the December Market (Market Watch)
U.S. Retailers Hunt for Attacks After Warning on Stealthy Malware (Reuters) Commentary: Take measures to protect your information
When Financial Bubbles Burst: Real Estate Values are Plunging in Canadian Heavy Oil Patch (Contra Corner)
Interest Rates to Stay Low Longer, Household Debt Remains a Concern – Says the Bank of England (The Telegraph)
Glencore’s Oil Deal in Libya Branded Worthless by Rival Government (The Guardian)
Brazil’s Economic Meltdown: Stagflation Ahead, Goldman Unreservedly Disappointed (Zero Hedge)
5 Steps to Help You Get Started Paying Off Debt (About.com)
7 Ways to Avoid Identity Theft Over the Holiday Season (Washington Post)
The Best Things in Life are Free (Clark Howard)
Simple Christmas Links (Becoming Minimalist)
Hotels, Cars for Joe Biden’s Thanksgiving Trip to Italy and Croatia Cost $307,118 (Washington Free Beacon)
Eliminating Cash Makes It Easier to Silence Critics (Mises Institute)