Black Friday

Today is Black Friday! It’s often assumed that the name “Black Friday,” originated with the profit that stores make as a result of all the shopping which takes place annually on this date. The thought is that businesses, working with tight margins throughout the year and operating at financial loss, or “in the red,” now begin to see things turn around.  With massive sales on the day after Thanksgiving, stores finally begin to show a profit which puts them “in the black.” As nice as that sounds, it’s not true. However, when it comes to debts and credits, we're reminded that this describes well another important Friday in history which we celebrate each year.