There are signs that the economic recovery has actually stalled the holiday shopping season. This season has turned out to be a bit of a bust for the retailers. 2012 saw the worst year over year performance since 2008. Sales on electronics, clothing, and jewelry rose less than a percentage point while analysts had expected growth of at least 3%. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox News to examine the weakest sales growth since 2008 and how it will impact the economy as a whole.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
Tags: economic recovery, economy, financial advisor, fiscal cliff, fox news, holiday shopping season, malls, money, spending, wealth manager