Perhaps retail sales are up because everything costs 20 percent more.
I’d say that inflation is taking its toll! Of course those in charge keep contending that inflation is not happening but unfortunately, those in the real world are paying through the nose. Gas prices are the prominent culprit but other things are contributing.
The Obama administration and their lackeys continue to shout that the economy is doing just fine - as folks keep losing out due to inflation. Soldier on...
Retail sales are up because the cost of petrochemicals is up. This is pretty basic stuff.
Retail sales are up because the cost of petrochemicals is up. This is pretty basic stuff.
Communist economies always fail, but the muslim president of the US will come out of it as the new dictator of the former US.
Ask 10 economists what the trend is and get 10 different answers.
The predictors are lousy because the government numbers being published are mostly lies. They claim unemployment is down because they adjusted the base line. The truth us more people are out of work than ever before. Credit is still tight. Another wave of foreclosures is coming. There is no turn around. You would never know it listening to O and his cronies
The auto companies pumped their supply lines full in Q4. That made it seem like lots of cars were being sold.
They are still on the lots.
You cannot push on a string.
New York state income tax revenues are also slowing down over the last six months (it's another one of the Big Five).
What's interesting is that in nearly all the states, sales tax revenue is UP, and not just a little bit.
I''m wondering if this is reflecting inflation, and people spending money they don't have because they're being told that "good times are here again".
Bump....
Hey, the movie industry exploded during the depression. Everybody had a nickel...
Also, credit drove the big stuff. If there was no such thing as credit, how many motorcycles, snowmobiles, boats and motorhomes (not to mention “expensive” cars) would be sold?
If people can’t get credit, and there is no money in saving, they just blow their money on little stuff. I suppose restaurants are booming. I’ll have to check.
Republican Candidates could improve their Primary vote count by campaigning with the following idea:
Due to the FHA, Fannie and Freddie Bankruptcies of September, 2008, American home owners lost 30 % of the value of their homes. That is a 30 % cut in just one month. Home values are still down 30 %.
Thus, let us cut the total compensation to all elected Federal politicians, and their staffs by 30 %, and an additional 10 % cut to elected Federal politicians each year until Federal Spending is LESS THAN the average of the previous 2 years of Federal income.
BTW, since slightly less than half of the US House, and 2/3 of the US Senate are Millionaires, it will be a great opportunity for Congress to lead by example that EVERYONE should give up their “fair” share of the American Dream.
What better way can there be to demonstrate that Federal politicians are on the same page as the voters?
