Expect to see a disproportionate amount of pricing on toys this holiday season: UBS' Michael Lasser

In a new survey from Deote, 57% of consumers said that they expect the economy to weaken in the year ahead and 77% said that they expect higher prices on holiday items. On average, consumers plan to spend 10% less than last year during the holidays. And joining us right now to talk retail is Michael Lasser.He's UBS equity research analyst. And Michael, again, what you ask people and what they do are not always one and the same. But the idea that people think they're going to spend 10% less and that the pric ...