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I think the hesitation is going to come from the high fuel prices (yes I know they are not that high compared to Europe) and I think the tightening mortgage market and the resulting instability in the stock markets will also cause people to think twice.
As we all know, a internet consumer thinking twice is a bad thing.
So I think your going to see people waiting till the last minute to do most of their holiday shopping.
[edited by: Ledfish at 1:19 pm (utc) on Aug. 25, 2007]
Not to get political, as I'm niether a Democrate or a Republican but yet a Capitalist, let's hope the politicians don't screw up the sales by killing the Xmas spirit...