Friday, August 14, 2009

Retail sales weak, but prices expected to stay low

Again, the economists missed and missed rather badly. So, if consumers aren't buying what/who is going to pull us out of recession? The Administration seems to believe they can 'spin' us some good news and then push through more spending. The Fed claims they'll stop buying our debt back but who else is going to keep buying it? Does anyone see a train wreck coming? - MBC

http://www.comcast.net/articles/news-general/20090811/US.Economy/

"...Overall, sales fell 0.1 percent, the Commerce Department said, after two months of modest gains. Economists had expected a 0.7 percent increase. Excluding autos, sales fell 0.6 percent, also much worse than predicted..."

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