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Many people stayed up late last night to take advantage of limited-time deals (e.g. ones that were only available for the first minute after midnight) or deals that had only limited stock.

Some friends of ours chose today to go to Ikea, figuring they'd be free from the usual massive crowds, as people would be at home doing online shopping, or sleeping in after staying up late last night. It turned out they were right.

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Back when I was living in China, I wished China had the Black Friday as in the US because of discounts and promotions. Now I am back in the US, I wish the US had the Single's Day as in China. What a Change!

I feel like the deals in the U.S. have really gone downhill or maybe they were never deals to begin with. The internet has made everything pretty transparent at least.

Deals in the US vary in direct proportion to the state of the economy (or a given retailer's plight). In 2009-2011 for example, the deals were frequently tremendous due to bad economic condition of consumers.

Now the US has a U6 unemployment rate near 20 year lows and has added $45 trillion to its household wealth number in the last seven years, while incomes have also been rising modestly well the last several years. The need for substantial deals to move most merchandise is vastly reduced accordingly.

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