Skip to comments.Retail Sales Disappoint in June
Posted on 07/15/2013 6:57:13 AM PDT by John W
U.S. retail sales rose less than expected in June, adding to signs of a slowdown in economic growth that could argue against the Federal Reserve's plan to start trimming its monetary stimulus later this year.
The Commerce Department said on Monday retail sales increased 0.4 percent last month as demand for automobiles soared. However, sales of building materials fell.
It was still the third straight month of gains in sales and followed a revised 0.5 percent rise in May.
Economists polled by Reuters had forecast retail sales, which account for about 30 percent of consumer spending, rising 0.8 percent after a previously reported 0.6 percent gain in May.
(Excerpt) Read more at foxbusiness.com ...
So economists predicted 0.8% and it came in at 0.4%. They weren’t even close, were they?
This is so preposterous.
We’ve been 5 years doing this “we’re recovering” and “green shoots” and “summer(s) of recovery” and changing the definitions of “employed”, “unemployed”, and “inflation”.
At this site we all know the truth - but my God how can even LIVs not get it?
Here’s hoping for the Senate in 2014 big time and an increase in the House.
Because the reason LIVs are LIVs is because they are LTVs (Low Thinking Voters)?
That happens when your electric bill necessarily skyrockets.
10 million people out of work and they expect consumer spending to go up.
I think it should be considered to begin using NIV for NO information voters.
Or IDTUSA voters for intentionally destroying the usa voters.
I mean c’mon!
*hic* Okaaay, thankzz. *hic*
How about MIVs, or MisInformation Voters?
Yeah our bills for June July and august are horrendous and I don’t remember buying one thing in June other than groceries. ;)
“At this site we all know the truth - but my God how can even LIVs not get it?”
Because the TV keeps telling them how “GREAT!!!” the economy is, over and over and over. To not do so would make a Democrat look bad, and media people would see the end of their careers should they dare report that. It doesn’t fit the pre-approved narrative.
Remember how under Bush 4.8% unemployment (1.8% in my state was “THE WORST ECONOMY SINCE THE GREAT DEPRESSION!!”, and the TV repeated that over and over, for months?
Yay!!! “Recovery Summer” IV is going to be soooo much fun.
Economic recovery. You force through policies that increase the cost of almost every aspect of doing business (energy, labor (plus benefits), insurance, raw materials, capital formation, taxes, government mandates and regulations, ) and then you somehow expect an economic recovery? Really?