Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
AI Stocks Portfolio and Tesla - 23rd May 24
All That Glitters Isn't Gold: Silver Has Outperformed Gold During This Gold Bull Run - 23rd May 24
Gold and Silver Expose Stock Market’s Phony Gains - 23rd May 24
S&P 500 Cyclical Relative Performance: Stocks Nearing Fully Valued - 23rd May 24
Nvidia NVDA Stock Earnings Rumble After Hours - 22nd May 24
Stock Market Trend Forecasts for 2024 and 2025 - 21st May 24
Silver Price Forecast: Trumpeting the Jubilee | Sovereign Debt Defaults - 21st May 24
Bitcoin Bull Market Bubble MANIA Rug Pulls 2024! - 19th May 24
Important Economic And Geopolitical Questions And Their Answers! - 19th May 24
Pakistan UN Ambassador Grows Some Balls Accuses Israel of Being Like Nazi Germany - 19th May 24
Could We See $27,000 Gold? - 19th May 24
Gold Mining Stocks Fundamentals - 19th May 24
The Gold and Silver Ship Will Set Sail! - 19th May 24
Micro Strategy Bubble Mania - 10th May 24
Biden's Bureau of Labor Statistics is Cooking Jobs Reports - 10th May 24
Bitcoin Price Swings Analysis - 9th May 24
Could Chinese Gold Be the Straw That Breaks the Dollar's Back? - 9th May 24
The Federal Reserve Is Broke! - 9th May 24
The Elliott Wave Crash Course - 9th May 24
Psychologically Prepared for Bitcoin Bull Market Bubble MANIA Rug Pull Corrections 2024 - 8th May 24
Why You Should Pay Attention to This Time-Tested Stock Market Indicator Now - 8th May 24
Copper: The India Factor - 8th May 24
Gold 2008 and 2022 All Over Again? Stocks, USDX - 8th May 24
Holocaust Survivor States Israel is Like Nazi Germany, The Fourth Reich - 8th May 24
Fourth Reich Invades Rafah Concentration Camp To Kill Palestinian Children - 8th May 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Terrorism - Grinch that Stole Christmas

Politics / Shopping Nov 25, 2015 - 06:09 AM GMT



The usual holiday cheer that underpins the throngs of shoppers may be missing this season. Political pundits are eager to blame potential terrorist risks as a compelling reason to avoid the crowds at malls, but knowing the sentiments of the consumer culture, it is difficult to accept that retail businesses will be empty. Nevertheless, will the economy incentivize the bargain hunters to brave the added security obstacles to storm the doors for the reward of super discount pricing?

The expected immediate shock in France is understandable. Xmas sales plummet, Champs-Elysees empty in edgy post-attack Paris, indicates that upscale customers respond predictably.

“Department stores half-empty when they should be packed and a Christmas market on the prestigious Champs-Elysees avenue where vendors outnumber the visitors -- the attacks on Paris are having a profound effect on retail business.”

Notwithstanding, Forbes makes an obvious point in the column, The Paris Attacks And The Economic Impact Of Terrorism.

“Consider the fragility of both European economies and the institutions underpinning the European Union. The euro zone grew by a meager 0.3% in the third quarter, well below expectations. And last week’s attacks may do some real damage to current spending, keeping shoppers away from crowded retail parks in the lead-up to the busiest month of the year.”

Before the play on panic is accepted as the new normal, dig deeper into the feeble economic activity that in fact forecasts the inauspicious health of retail spending. Quiet U.S. Ports Spark Slowdown Fears is a leading indicator of what to expect.

“For the first time in at least a decade, imports fell in both September and October at each of the three busiest U.S. seaports, according to data from trade researcher Zepol Corp. analyzed by The Wall Street Journal. Combined, imports at the container terminals at the ports of Los Angeles, Long Beach, Calif. and around New York harbor, which handle just over half of the goods entering the country by sea, fell by just over 10% between August and October.”

Now this decline in imports might be a positive sign if domestic manufacturing was taking over the traditional role of internal production of goods for our own consumption. But that is not happening in the poisoned globalism environment that is poised on imposing a series of new draconian trade treaties. 

Michael Lombardi writes in Terrorism: Unfortunate Effects of Paris Attacks on the U.S. Economy about the psychological apprehensions that might keep store patrons away from high profile soft targets. Even so, the current economic contraction bodes that America is already in a deep recession.

“As an economist, my concern lies more in the aftereffects of these terrorist attacks on the minds of citizens. After all, one of the goals of terrorism is to instill fear in people. Will that fear result in consumers holding back on everyday life and on spending their money? The data already suggests retail sales are weak. Will the tide of terrorism fear put further pressure on an already suffering retail sector, especially in the U.S.?”

The immediate concern for law enforcement planners and security agencies are less focus on robust retail sales than on enhanced screening and intelligence gathering. Or so we are told by Homeland Security.

While announcements like Anonymous uncovers ISIS plan to attack 7 cities TOMORROW…including this U.S. city, published on Allen B West’s site attracts attention on the internet, the culture will still sit down in front of the TV propaganda machine as indoctrinated apparatchik followers of the ad messages, will keep the spending/debt economy going.  

This is the reason why warnings such as ISIS In America: Black Friday Attack On U.S. Soil Feared, are mostly ignored.

“Since a few of the terror attacks that the world has seen (not just ISIS) have occurred on very specific days (9/11 and Friday the Thirteenth), people have begun to wonder if the next attack will occur on another day with meaning. With the holidays just around the corner, many kept help but wonder if the terrorists are planning something for Thanksgiving, Black Friday, Christmas, or New Year’s Eve/Day.”

This brings up the most likely circumstances for the holiday season. Online buying will certainly benefit, and the likes of Amazon will continue their onslaught to replace bricks and mortar retailers. Overriding this trend is the instinctive motivation to buy, when the deal is irresistible. Profits for the major corporatists may suffer, but their stagnant inventory will be offered at deep discounts.

The 64 dollar question is can the consumer afford to buy as the economy tanks further and confidence erodes even more. The wild card is when the Fed will start to raise interest rates? None of these factors lend themselves to foster prosperity.

Add the eventual strict security measure and the presence of European style armed guards patrolling the mall kiosks, and you have the formula of less holiday cheer and joy in the shopping experience.

The Grinch that stole Christmas is actually the manufactured apprehension coming out of an artificial fear that a terrorist is behind every seat of a food court and that the government is actually providing meaningful security for defenseless subjects.

The best solution for the individual is to become an armed citizenry. Bona fide terrorists, and not the fabricated versions produced or sponsored by government sociopaths, would be effectively neutralized when innocent Americans are allowed to provide their own self-defense.  The victims in Paris need not die in vain, if the lesson of personal protection is recognized as the most basic right of the individual.

FBI: Gun Sales Surged to Record Levels in August provides the most encouraging advancement in countering the forces of globalist induced terrorism. It is high time that Federal authorities act as public servants and provide serious national security against concrete existential threats. Until that day arrives, it is up to individuals to act responsibly and be willing to provide protection for, themselves, family and neighbors. Bring the elation back, stuff a stocking with a peacemaker.

James Hall


Discuss or comment about this essay on the BATR Forum

"Many seek to become a Syndicated Columnist, while the few strive to be a Vindicated Publisher"

© 2015 Copyright BATR - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors

BATR Archive

© 2005-2022 - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.

Post Comment

Only logged in users are allowed to post comments. Register/ Log in