While the world suffers through its deepest economic downturn since the Great Depression, shoppers on Friday were lining up to buy discounted flat-screen TVs at around $1,000 a pop, computers for several hundred dollars and navigation units in the hundreds of dollars. These same shoppers were complaining about the economy and about not having as much to spend this year.
A couple of months ago, I wrote about the coming New Frugality, a potential return to the tight-fisted regimen our parents and grandparents knew in the Great Depression. I guess it hasn't arrived yet.
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