(Stocks fell on Tuesday as a surprising drop in retail sales dented hopes that the recession was abating )
What I want toknow is why it was surprising.
Unemployment is still rising,more businesses are going under or just getting out while they can. The Government is spending money they don’t have which the citizen realize means that they are going to get the shaft with taxes, so why is it surprising that retail sales dropped....
I wasn’t surprised in the least. I saw this coming just as surely as I saw the weather getting warmer in April and precisely for the reasons you mentioned. We’re now stuck in a whirlpool. Giving bankers more money to loan to people won’t pull us out IMO. They would have been better off to just write us all a check for $50,000. Too late now.