As gas prices are under $2.29, the movies produce a movie that makes over $30 million for the first time since mid-September. However, it was a sequel to an alleged hit, and it was a horror flick on the weekend before Halloween, so this might have been expected.
It will be impossible to continue to judge the economy and the spending money of Americans based on the money movies make, because even though gas prices are "down," heating prices are going up, and there are a bunch of hits scheduled to release through the rest of the year, including Harry Potter, Chronicles of Narnia, and King Kong, which will be expected to gross big numbers. Too many factors to make justified conclusions.
However, there are two things to watch concering the economy in the next two months. First, people are going to start buying Christmas presents, and we'll see if they have less money to spend than usual. Second, yesterday marked the start of charging for those higher natural gas prices for heating your home, and we'll see if they will really be 25%-45% higher than last year. That could eat up wallets faster than gas prices.
So anyways, I'll keep you updated with what little I know. I'll keep looking for better economic data than movie numbers. But I still don't think we need to panic.
Edmond the Hun
Subscribe to:
Post Comments (Atom)
1 comment:
I suppose you could devote the rest of your life to creating a formula for the American economy. In lieu of that your idea sounds much more reasonable. :) Gas prices are down, not "down." The amount is lower than the previous amount. What you mean to imply is gas is "cheap" ~ which is more correct. Sorry, I'll chase away my Editorial English Side now...
-Sanguine
p.s.
yay for upcoming cool movies!!!! "'tis the season to be jolly, falalalala..."
Post a Comment