Retail Sales Terrible!!!!!
June 12, 2008
– Comments (5)
From MarketWatch:
Retail sales jump 1% with boost from Uncle Sam
Sales were boosted by higher gasoline and food prices and by eye-catching gains at building materials stores and furniture stores. ....
Excluding the 2.6% rise in gas station sales, sales increased 0.8%, the biggest gain in a year.
http://www.marketwatch.com/news/story/economic-report-retail-sales-jump/story.aspx?guid=%7B09D65D52%2DB0E5%2D441C%2D9AA9%2D6709FF648D75%7D&dist=hplatest
Retail sales were up only .8% INCLUDING FOOD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Has anyone been food shopping lately? What percentage of a consumer's retail budget is food? WalMart, Target, Costco and even Dollar Stores are allocating a bigger and bigger percentage of floor space to food.
Have you noticed manufacturers are putting fewer ounces in the same size bag for the same price?If food prices are up 15% and sales up only .8%, is that good after a stimulous program?
Heck no. It sucks bull balogna.
We have contraction everywhere. Costs are skyrocketing. Truckers in Europe are blocking boarders. In other countries people are dying in the streets rioting over food prices. In America, in a number of new home communities, early buyers are being abandoned by developers leaving half built weed infested wastelands.
You think a 1% rise in retail sales is good after a 15% rise in food prices and a $100 billion dollar stimulous program? Anyone see the unemployment data today????
No wonder Johnny can't read!!!!!
Where are the bull Chimps???? Too busy saving up to afford bananas?
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