Sept. Retail Sales: +1.1% vs. +0.7% expected, +1.3% prior (revised from +0.9%). Ex-autos +1.1%...
Oct 15 2012, 08:32 ET
Sept. Retail Sales
: +1.1% vs. +0.7% expected, +1.3% prior (revised from +0.9%). Ex-autos +1.1% vs. +0.5% expected, +0.1% prior.
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what does that spell?
15 Oct 2012, 08:40 AM
i think this number (especially the revision to aug) along with the last employment release suggests that the recession story is no longer tenable... ECRI call your office
growth is still pretty weak and some external shock like a big blowup in europe or a non-solution to the fiscal cliff could still push the US into a recession, but for now the economy seems to be accelerating
15 Oct 2012, 09:14 AM
employment growth more people have jobs than was factored into the estimates - these numbers confirm the employment picture
15 Oct 2012, 01:10 PM
Retail sales rose by $4.6 billion in September. The major drivers were:
•Gasoline – $1.2 billion
•Auto sales – $0.9 billion
•On-line sales – $0.7 billion
•Electronic stores – $0.4 billion
•Grocery stores – $0.5 billion
So a full 26% of the increase in retail sales was due to you having to pay more to fill up your SUV. Another 20% was due to morons shelling out $500 for the iPhone 5 and putting it on their credit card. Another 20% was created by ALLY FINANCIAL and the rest of the Wall Street shysters doling out 0% loans for 60 months to subprime borrowers. How exactly does a finance company make a profit by offering 0% loans for five years. Inquiring minds want to know. Lastly, food inflation is responsible for the increase in grocery sales. Maybe when food prices hit new highs next year, people can eat their iPhones.
But please don’t think. Just accept the conventional propaganda of recovery you are hearing from the MSM.
Retail sales and consumer credit are at all-time highs. It must be a recovery.
15 Oct 2012, 02:18 PM
>>>Gasoline – $1.2 billion<<<
Isn't it ironic how gasoline sales are included in the retail reports, but not in the core inflation reports. (shrugging shoulders)
15 Oct 2012, 02:43 PM
Always wondered why that was too. Seems energy should be one of the core measures of core inflation. Sorry for the poor pun.
15 Oct 2012, 09:41 PM
Thanks, I was wondering how gasoline fit in the number.
15 Oct 2012, 09:42 PM
I'm not trying to be a wise guy but, this is when I would like to hear from bbro.
16 Oct 2012, 01:01 AM
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