Your first thought is probably no way there are way too many different angels on this to make such a bold statement, the truth is Sales grew by 0.8% last month, helped by big discounts in electrical goods, after a 0.2% fall in December. I’m not saying its PED is 5.0 but I am saying its over 1.0 in my opinion and it’s got to be true electronic goods are a luxury and when people fear a recession its dropped like a brick and the only way to reach that market again is to cut prices greatly and in this case they managed to re-peak the buyers interest with big discounts, in an inelastic market it wouldn’t have changed by so much would it? Hopefully this big increase will stop them from cutting costs or more precisely cutting us our the employed list.

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