Posted on 07/16/2012 7:16:31 AM PDT by whitedog57
nother bad start to the week for beleaguered U.S. economy. Retail sales declined in June on expectations of an increase of 0.2%. Welcome to Retail Zombieland!
Advanced retail sales fell -0.5%.
This is all we got from the staggering growth in Federal debt since 2009?
On the other hand, the Empire State Manufacturing Survey General Business Conditions SA rose to 7.39 (but barely about 0).
Goldman Sachs cut their Q2 GDP estimate to 1.1% and the US Treasury 10 year rate falls to 1.447%. Investors continue to seek safety in the Treasury rate.
As of last Friday, Bankrate’s 30 year mortgage rate average is at 3.65%.
Of course, good news for mortgage rates does not mean good news for unemployed American workers. With retail sales having rigor mortis.
(Excerpt) Read more at confoundedinterest.wordpress.com ...
“Retail Sales Fall Again”.
Retail sales unexpectedly fall again. (more crappola from obammy and company).
In other news, firearm sales are up.
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