Retail Sales in U.S Increase More Than Forecast (leader, financial, inventor)

[LordBalfor]

Originally Posted by Finn_Jarber

Yes, probably worse than average, but better than last year.

Oh, it'll NO DOUBT be worse than average - it will be a LOT worse than average - we are after all barely emerged from the worst recession in decades, and have yet to see any job creation (that will come next year) so it'll be very low numbers no matter what.

I DO think it will be an improvement from last year (even though the unemployment rate is greater now than last year at this time).

Next year will be better yet though.


Ken

[downtownnola]

Originally Posted by LordBalfor

Oh, it'll NO DOUBT be worse than average - it will be a LOT worse than average - we are after all barely emerged from the worst recession in decades, and have yet to see any job creation (that will come next year) so it'll be very low numbers no matter what.

I DO think it will be an improvement from last year (even though the unemployment rate is greater now than last year at this time).

Next year will be better yet though.


Ken

I agree. We are just emerging from the recession, so many consumers are still cautious about their spending. The momentum is at least trending in a positive direction, as consumer confidence is slowly returning.

I agree... by this time next year, spending figures are likely to be much improved.

[sanrene]

Retail Sales, Jobless Claims Show Weak Economy - CNBC

Retail sales unexpectedly fell in December, leaving 2009 with the biggest yearly drop on record and highlighting the formidable hurdles facing the economy as it struggles to recover from the deepest recession in seven decades.

[LordBalfor]

Originally Posted by sanrene

Retail Sales, Jobless Claims Show Weak Economy - CNBC

Retail sales were up from last December however.

Ken

[sanrene]

You mean November.

Retails sales were down in December. I seem to remember you saying something about waiting to see what the numbers would be.

Now we know. People continue to cut back.

Did you listen to Rush on Tuesday? I had an interesting conversation with him about spending and participating in the economy.

[tonyandclaire89]

retail sales decline for sixth consecutive month

Retail sales fall for sixth consecutive month in December - USATODAY.com

The number of Americans filing for initial unemployment insurance rose more than expected

Initial claims rose to 444,000 - Jan. 14, 2010

2009 foreclosure record

http://www.contracostatimes.com/business/ci_14182085

[LordBalfor]

Originally Posted by sanrene

You mean November.

Retails sales were down in December. I seem to remember you saying something about waiting to see what the numbers would be.

Now we know. People continue to cut back..

NO - they were UP from December of the PREVIOUS YEAR (as I said they would be).

It was down from NOVEMBER of last year, but UP year over year - and by a pretty good percentage (more than I expected).

"Compared with December 2008, sales were up 5.4%. Excluding autos, December sales were up 5.2% from a year earlier."

Retail sales drop 0.3% on widespread declines - MarketWatch

Sales were down from NOVEMBER but up from last December.
Also note that the reason sales were down from Novermber was due to the fact that the November sales were revised UPWARD from their original numbers published last month.

Ken

[LordBalfor]

Originally Posted by tonyandclaire89

retail sales decline for sixth consecutive month

Retail sales fall for sixth consecutive month in December - USATODAY.com

LOL
That's an article from a YEAR ago - you know, back when GW was still President.

Ken

[Finn_Jarber]

Originally Posted by LordBalfor

Retail sales were up from last December however.

Ken

Yes, and computer shipments were up 24% in 4th quarter and expected to keep rising. Companies are begining to replace their computers. Another good sign.

[Finn_Jarber]

Originally Posted by lordbalfor

lol
that's an article from a year ago - you know, back when gw was still president.

Ken

lol