JVB-BSullivan-Econ-Comment-083109

Broker Dealer / Institutional / Advisor Use Only August 31, 2009 ABOUT Blue Christmas? BILL SULLIVAN The holidays begin in less than three William V. Sullivan, Jr. outlays that would meaningfully buoy holiday serves as Chief Economist months and it is quite apparent that the odds expenditures during the fourth quarter. at JVB Financial Group, favor a disappointing season for most retail The recent timing of Government working closely with the merchants. Indeed, weighing against a strong programs could further weigh against a firm’s trading desk, performance is the sharp erosion in the strong Christmas selling season. To provide providing analysis and employment situation since last year. In perspective, a huge volume of stimulus was commentary on the U.S. addition, several Government programs are provided in the springtime that won’t be economy and the financial beginning to expire or lose their impact as available to give a lift to household spending markets. Among his duties 2009 comes to a close, a situation that should late in the year. This consideration is are authoring a weekly sustain a cautious approach to big ticket report on credit market captured in the personal income statistics trends and maintaining a purchases over the next few months. The that are published monthly by the regular schedule of outlook could also be influenced adversely by Department of Commerce. In May, “other” conference calls that focus geopolitical events that would ...