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Nevermind the stock rally from Monday or the massive sales figures from Black Friday, CNBC’s Jim Cramer had a very grim outlook for the global financial markets going forward. In sum, the European crisis is so bad that the U.S. is grave danger. Business Insider explains:
In his opening segment on Mad Money tonight (via The Fly) Jim Cramer warns that Europe could easily spoil any party we’re having in the US due to the collapse in credit.
He walks through a fairly long (but very basic) explanation of what credit is, and how central it is to the economy, before (around the 6:30 mark) declaring that we’re in “DEFCON 3, two stages from a financial collapse so huge it’s hard to get your mind around.”
He tells everyone to “curb your enthusiasm.” If you want to stay happy, don’t watch the clips below. But if you want the hard truth, For video and article:
http://www.theblaze.com/stories/kramer-were-two-stages-from-a-financial-collapse-so-huge-its-hard-to-get-your-mind-around/
Mrs. James and I were blessed to have been in attendance at this performance years ago (though it was only posted on Youtube last year).
For the first time in years, Walgreens’ ads are using the term “Christmas” instead of “Holiday”:
Retailers are calling it ‘Christmas’ again
Walgreens is the latest store to return to explicit references to Christmas, switching its position a day after some Christian groups threatened to boycott over its generic holiday wording.
The American Family Association and the Liberty Counsel—Christian groups that maintain lists of “naughty” and “nice” retailers based on which stores reference Christmas—applauded Walgreens’ switch, along with several other big stores who are coming off the naughty list for the first time in years
For full article: http://blog.chron.com/believeitornot/2011/11/retailers-are-calling-it-%e2%80%98christmas%e2%80%99-again/


