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1 posted on 02/13/2013 5:48:18 AM PST by John W
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To: John W

It’s the blizzard’s fault!


2 posted on 02/13/2013 5:49:24 AM PST by massmike (At least no one is wearing a "Ron Paul - 2016" tee shirt........yet!)
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To: John W

             

3 posted on 02/13/2013 5:51:08 AM PST by tomkat
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To: John W

Modest gain???? More like pitiful.. Honestly.


4 posted on 02/13/2013 5:53:34 AM PST by SueRae (It isn't over. In God We Trust.)
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To: John W
Analysis from Bill McBride at Calculated Risk:

On a monthly basis, retail sales increased 0.1% from December to January (seasonally adjusted), and sales were up 4.7% from January 2012. From the Census Bureau report:

The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for January, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $416.6 billion, an increase of 0.1 percent from the previous month and 4.4 percent above January 2012. ... The November to December 2012 percent change was unrevised from +0.5 percent.

Sales for December were unrevised at a 0.5% gain.

This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline).

Retail sales are up 25.7% from the bottom, and now 9.9% above the pre-recession peak (not inflation adjusted)

The second graph shows the same data, but just since 2006 (to show the recent changes).

Retail sales ex-autos increased 0.2%.

Excluding gasoline, retail sales are up 22.8% from the bottom, and now 10.3% above the pre-recession peak (not inflation adjusted).

The third graph shows the year-over-year change in retail sales and food service (ex-gasoline) since 1993.

Retail sales ex-gasoline increased by 4.8% on a YoY basis (4.4% for all retail sales).

Year-over-year change in Retail SalesThis was above the consensus forecast of a 0.1% increase, and might indicate some slowdown in retail spending growth related to the payroll tax increase.

Read more at http://www.calculatedriskblog.com/2013/02/retail-sales-increased-01-in-janaury.html#LAZWxgP7y8kzlV60.99

7 posted on 02/13/2013 6:28:36 AM PST by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
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To: John W

Firearms and ammunition sales were through the roof.


9 posted on 02/13/2013 6:38:55 AM PST by DocRock (All they that TAKE the sword shall perish with the sword. Matthew 26:52 Gun grabbers beware.)
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To: John W

Captain Obvious.


14 posted on 02/13/2013 8:36:07 AM PST by BuffaloJack (Your only guarantee of Free Speech is the Gun in your hand.)
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To: John W
As you can see on those thoughtfully-provided charts, consumer spending is now significantly higher than before the recession. If anyone needs proof that consumer spending does not grow the economy, that should be enough.

Production creates economic growth. Not consumer spending.

15 posted on 02/13/2013 10:07:48 AM PST by BfloGuy (Money, like chocolate on a hot oven, was melting in the pockets of the people.)
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