December Retail Sales: +0.5% vs. +0.2% expected, 0.4% prior. Ex-auto +0.3% vs -0.1%...

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bbro Comments (7833)
 
Real Retail sales y-o-y...2.96%... no recession
15 Jan, 08:47 AM Reply Like

bbro Comments (7833)
 
Retail sales ex gasoline y-o-y... 5.05%...
15 Jan, 08:50 AM Reply Like

Regarded Solutions Comments (10680)
 
Hi bbro, got a link to these numbers? I would love to read about that.
15 Jan, 09:14 AM Reply Like

GaltMachine Comments (915)
 
regarded,

Doug Short covers this in depth:

http://bit.ly/W8bAFk
"Now let's dig a bit deeper into the "real" data, adjusted for inflation and against the backdrop of our growing population.

The first chart shows the complete series from 1992, when the U.S. Census Bureau began tracking the data. I've highlighted recessions and the approximate range of two major economic episodes."
15 Jan, 09:55 AM Reply Like

Regarded Solutions Comments (10680)
 
good link Galt. Thanks a bunch.
15 Jan, 10:35 AM Reply Like

CaladesiKid2 Comments (177)
 
Thank you, GaltM, for providing the unbiased assessment of Doug Short. His analysis is consistent with the 'real world' experiences of those of us that work outside government support systems.
15 Jan, 11:42 AM Reply Like

CaladesiKid2 Comments (177)
 
Declining PPI and declining NY factory index seem to contradict claims that the 'Economy is Recovering'. Perhaps it would be helpful to better understand components. Electronic sales were reportedly below expectations, for example. Did auto sales, above forecast, drive the majority of the improvement? If so, how do auto sales trends compare to historical norms? Net, it may be premature to tout a recovering economy. Auto sales claims are based on shipments to retail, not sales to consumers. Latest reports are that auto inventories at retail are at exceptionally high levels. So, is the auto sales number based on consumer 'take away' or on pipeline fill?
15 Jan, 09:17 AM Reply Like

blackswans Comments (155)
 
Most certainly a recovery. Markets shrugging off downgrade warning due to debt ceiling.
15 Jan, 02:58 PM Reply Like