Posted on 12/23/2014 11:57:30 AM PST by SeekAndFind
Who got caught holding the bag in 08? So called “banking” fraud peddlers. Fraud paper zero-collateral sellers.
Who was exposed to lose their stockholder investment in the fraud sellers? Fraud investers who call themselves “insurance”.
Who lost their free country club lunch pipeline? Fraud banking above, fraud insurance above.
Who could not payout their false advertising claims? Above.
Who are The Lobby Gang? Above.
Who gets free “hands in everyone’s pockets” $ for derivatives and “health money” (Aetna is advertised as a LIFE insurnce co., not a health ins. co). The in trouble Lobby Gang.
Who’s going to turn right around and buy global funds and bonds?
The price of the product went down because the price of the crude oil used to make it went down.
The fallacy is the calculation of differences. So your gasoline bill went down and your grocery bill went up. Is you gasoline consumption anywhere near your food consumption?
I would think your family total food expenditure would exceed your family total gasoline expenditure.
Net, net..........there was an increased cost
Wow. So volume could even have been increasing, yet as measured in dollars, overall it fell because the net price fell. Thanks.
Hope you had a wonderful Christmas.
http://www.reuters.com/article/2014/12/24/us-usa-holidaysales-idUSKBN0K218A20141224
“...Analytics firm RetailNext, which tracks specialty stores and large footprint retailers, said sales dropped 8.9 percent over the weekend versus a year ago, and store traffic dipped 10.2 percent. However, customers who did hit the stores spent more. Specialty stores in the United States include chains like Best Buy Co Inc (BBY.N) and large footprint retailers include Wal-Mart Stores Inc (WMT.N) and Target.
“Even with this drop in growth, Super Saturday was still better compared to Black Friday,” said Shelley Kohan, vice president of retail consulting at RetailNext. “It generated a tad more in terms of sales on slightly less traffic.”
Promotions earlier in November took a toll on in-store sales during the Thanksgiving weekend, when total spending fell by 11 percent from a year earlier. “
Why Christmas sales numbers haven’t been in the news...
RE: ... large footprint retailers, said sales dropped 8.9 percent over the weekend versus a year ago, and store traffic dipped 10.2 percent.
Maybe people are buying more online nowadays... that could be the trend.
EDIT TO ADD.... I’d really like to see the UPS and Fedex numbers. That could give us an indicator of how strong online purchases are.
RE: I would think your family total food expenditure would exceed your family total gasoline expenditure.
Net, net..........there was an increased cost
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Well yes, but it’s still better than having BOTH cost up.
The final numbers will be interesting. Will be blamed on the new Republican majority somehow. The media gets it’s share of government subsidized consumer spending and will frame any discussion into whatever form will increase that subsidy.
http://www.marketwatch.com/story/holiday-sales-buoyed-by-low-gas-prices-falling-jobless-rate-2014-12-26
Anther report with a lot of fudging going on.
Global volume is still increasing at a slower rate. Global production has been growing at a faster rate. Prices will fall until those balance. Then it will likely move the other way.
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