When I arrived at a large Houston mall on Friday evening at 6 p.m., I figured that most of the holiday shoppers would have thrown in the towel, or at least realized that they had charged far too much in one day. But Memorial City Mall was still booming when I arrived and spent a whopping $15 on a pair of jeans. And apparently that wasn't the only mall in America thriving this weekend, since Black Friday spending actually went up by 3% compared to last year.

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It seems that Americans are finally waking up to the down economy, choosing to spend only when they can get good bargains.
In other cheery economical news, the credit market is experiencing some healing recently, and investors anticipate European central banks will lower key lending rates this week, making borrowing cheaper in that region. However, banks are still hesitant to resume bank-to-bank lending.