Year over year, the data shows, this will be the strongest holiday season since 1999. But because consumers have been spending since September, there's not much pent-up demand. Consumers have already spent up demand.

The raises in interest rates will reduce the willingness and ability of consumers to continue their pace of borrowing. This is both directly -- through the cost of debt -- and indirectly -- because it's likely to slow house price appreciation.

If consumer spending falls, the probability of the economy slipping back into recession is very high.

The investor will get tax holiday facility. Besides, when the international price goes down, it will have to pay lower.

These data suggest that retail spending this holiday season will not be depressed and may exceed normal seasonal patterns, despite what some consider a negative economic climate.

Why not? I reckon we will have earned a nice long holiday by then.