People don't remember things. Black Tuesday was not a good day. But that's forgotten now. Now a "black" day is for some reason a day to be a shopping fool.
Of course, Black Tuesday was a lifetime ago. You can't really expect people to "remember" it. So I guess if there was a business cycle that lasted that long, you couldn't really expect people to notice it either, huh?
"Those who cannot remember the past are condemned to repeat it"
1 comment:
I believe the phrase come from the idea that retail establishments run in the red most of the year, and only turn profitable in the Christmas shopping season. Thus, kicking off that season with late November customer incentives is what puts them in the BLACK.
Cheers!
JzB
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