The Joplin Globe, Joplin, MO

December 3, 2012

Your View: Red Monday

By Clovis Steele
Special to The Globe

WEBB CITY, Mo. — You have never heard of Red Monday. What is Red Monday, you ask?

Red Monday is very simple, and it happens every year right after Black Friday.

On Black Friday the stores try to sell enough merchandise to stay financially in the black for the year. That gets reversed on Red Monday. The people spent over $60 billion — of which at least 80 percent was put on credit cards, I say — so they are in the red on Monday, and billions of dollars are added to the national debt.

A large percentage of the merchandise is made overseas, mostly in China, so the sales must make the Chinese happy. When you think about it, we really do have Red Monday.

Clovis Steele

Webb City