UNEXPECTED!
*Drink*
"There too little consoomin' goin' on 'round there!"
I like to spot bad choices for slogans or sales campaigns. Here is today’s positive spin:
“The economy? Its not falling off a cliff!”
On-line retailing is part of this.
When you don’t walk through a store, you are uninspired, don’t see new ideas, and don’t act impulsively.
Hence the economy contracts.
The only store I go to any longer is Costco, and routinely return with more than just essentials. But I never go to the mall, Lowes, Home Depot or even Trader Joes. I get specialty groceries from Amazon also.
What does the average consumer have left?
Weakest recovery ever, rising healthcare and insurance costs, stagnant to dropping wages, full time to part time....
And not to mention his credit cards and home equity is tapped out.
What do the Ivy League economists expect the consumer to do?
Well, after Obama’s successful trip to Cuba, I’m sure the number of Tango Schools will skyrocket.
What a dipshirt we have for our President.
From the article: “These GDP (numbers) make no sense. We can count jobs, and job growth is not at all consistent with measured GDP growth,” said the chief economist at Moody’s.
Can he be any more detached from the real world?
“new data showed surprising weakness in consumer spending and a wider-than-expected trade gap.”
Cue Donald Trump, stage right.
Ha Ha - unexpected my horsies hiney! And the stock market yawned and is a 20 points up at 3:50 PM on the day this news comes out added to a gunman at US Capitol and Bomb Squad checking a suspicious package in Times Square ( Which will have a 50 foot tall replica of a Baal Temple installed in April) which will bring a curse but who worries about such things...just another day in dull americaville while we await what ever apocalyptic is coming...
Freegards
LEX
On the other hand, it's not inconsistent with worry.
I love how economists and financial analysts talk. Do they teach that k kind of stuff at Harvard?