Let’s see. Inflation is heating up, spending has been flat until this month, unemployment continues to over 9%. What’s to like?
Look at this guy’s pictures:
http://confoundedinterest.wordpress.com/
“Inflation is heating up, spending has been flat until this month, unemployment continues to over 9%. What’s to like?”
What I like is that Obama is looking like Jimmy Carter every day. Worst consumer confidence since Jimmah???? You have to be REALLY inept to post those kinds of numbers. And given such numbers, Republicans would have to be really inept to lose in 2012.
(Reuters) - Retail sales in July posted their biggest gain since March, tempering fears that the world’s largest economy might be slipping back into recession.
LINDSEY PIEGZA, ECONOMIST, FTN FINANCIAL, NEW YORK
“It was a much stronger than expected report. We saw some nice upward revisions to June. There was a stronger than previously anticipated increase in retail sales. Going through the report, what also is interesting is the strength is very widespread across sectors. You see a lot of components that had been negative for quite some time actually bounce in July. Furniture, electronics, these have seen decreasing consumption for the past three months. Finally we see a pop in July. Like we saw in June, Perhaps this was a precipice for the consumer turning a corner.”
http://www.reuters.com/article/2011/08/12/us-usa-economy-retail-sales-idUSTRE77B2DS20110812
It’s all good!
My guess is the bump is back-to-school shoppers.