My sense is that buying had died for a bit, that consumers had paid down credit cards and loans, and that they had had a period of purchasing before and after Christmas that led to a demand that required some extra workers.
They have now done their spending so it’s slowing down and retailers and manufacturers are sensing that.
Additionally, higher gas prices have again siphoned off discretionary cash, so that has also softened any demand for other items. The oil sheiks get rich again in another of the installments of price hikes promised by the bowing to mecca obama. (These opec manipulators of prices will again ratchet up supply prior to election day to make him look good.)
The next recession will be intentional, and it will be programmed to hit end of the year is my sense.
“The next recession will be intentional, and it will be programmed to hit end of the year is my sense.”
TAXNEGEDDON is coming in January 2013.
The Obamacare taxes kick in in full force, and the Bush tax cuts expire.
Business knows what is coming, but the non-Fox media refuses to even mention it, for fear of being branded racist.
“Additionally, higher gas prices have again siphoned off discretionary cash, so that has also softened any demand for other items.”
Even worse for Obama (and the average American), GROCERY PRICES are siphoning off discretionary cash. Obama underestimates the angst of people that pay their own bills; he is finished.