Retail Sales Surprise on the Upside
Feb. 12 (Bloomberg) — Sales at U.S. retailers unexpectedly halted a record six-month slide in January, reflecting higher gasoline prices and more spending on items such as clothing and food. The 1 percent increase followed a revised 3 percent drop the prior month, the Commerce Department said today in Washington. Purchases excluding automobiles gained 0.9…
Feb. 12 (Bloomberg) — Sales at U.S. retailers unexpectedly halted a record six-month slide in January, reflecting higher gasoline prices and more spending on items such as clothing and food. The 1 percent increase followed a revised 3 percent drop the prior month, the Commerce Department said today in Washington. Purchases excluding automobiles gained 0.9 percent. Consumer spending, about 70 percent of the economy, is likely to resume shrinking as the year progresses, according to a separate monthly Bloomberg News survey, capping the longest slide on record. Lawmakers are aiming to shore up the economy with a $789 billion stimulus package that’s designed to create 3.5 million new jobs.
“Welfare mentality. Its what those of us who work hard for a living detest and are getting fed up supporting. You doomsayers out there (What & the ilk) think there’s going to be a massive revolt by the lower classes and the return of crime. What you haven’t factored in is that the rest of us are “mad as hell and not going to take it anymore” with respect to welfare, entitlements, taxes and politicians.”
Welfare mentality???? Like the banker that went up in front of Congress yesterday? Like the 1.5 Trillion dollars that has been given to them? Like the 789 Billion they are asking for? I have been reading some of the post today and you and the Assheads are very retarded.
America is getting Assraped right in front of you but you want to upset that a family is on welfare????
The “What you haven’t factored in is that the rest of us are “mad as hell and not going to take it anymore” with respect to welfare, entitlements, taxes and politicians.” crowd is going to get a I-Beam shoved up their asses. I thing your anger is misdirected Dave because plenty of your neighbors are in that group.
Buh Bye Retards… Nice knowing ya…..
The What (Obama pass the skittles)
Someday this war is gonna end…
It’s wierd how well suze orman ties into this thread. She was on TV telling people that their best option may be to walk away from their mortgages. My first read of pitbull’s comment was as sort of a sarcastic quote of all the people thinking that way. but it’s totally interesting — the outrageous moral hazard looming over the world the mass of people who borrowed money that they’re not going to pay back. They are the WINNERS in that deal. but try to find a politician that will blame a crisis on “nearly everyone”…
“half of the knitting clubs have morphed into investment clubs”
True. She’s a sneaky Jim Cramer type. There’s always an alterior motive on TV. Few really care about the masses. She’s selling books and ratings.
***Bid half off peak comps***
“what does that say about me?”
1. You’re an irresponsible deadbeat.
2. You’re living in a dream world.
“i dont know how to get the private perkins loans people off my butt.”
Try paying them.
thanks BHO. Brownstoner is so much better than work. you know what bums me out, about suze orman? that we have allowed the press to relentlessly pump stock ownership to the point that a huge number of people have bet their standard of living on it, and somehow the conventional wisdom is still that stocks always go up in the long term. they don’t. (relevance: asset deflation means all assets, not just RE, and stocks are the other biggie for families) But thanks to suze, half of the knitting clubs have morphed into investment clubs. I get kind of a sick feeling about a lot of families, far away from “prime brooklyn” that could end up living far worse than they thought. I can’t stand watching her squirm and tell people to clip coupons now.
“joe…here’s a really good piece i saw today on what we were discussing yeaterday…”
May I “C” my way in? A lot of support in that piece for an “L” type bust, dave.
From “Vicious spiral: Asset deflation and economic recession” in Part 3:
“…the housing slump is not just a short-term adjustment…a bottoming out might not occur for another several years.”
I think joe the bummer’s citation of Japan as a loose comp is spot on. What did I miss?
***Bid half off peak comps***
well, dibs, the thought of a Republican majority scares me even more than that of a Democratic majority. I think government works best when divided.
Did you read the article about what the GOP stole from the taxpayers of NY when they held the absolute control of the state? I think it’s basic human nature to steal, and for most (non-angelic) types, the threat of exposure/punishment is what keeps them honest.
http://www.nytimes.com/2009/02/12/nyregion/12repubs.html
> “Snark, that was cool — how’d you do that?”
If you got to tinyurl.com, you can post in any long web address and it will spit out a – you guessed it – tiny url.
Very handy little site.
More likely that I write something and express an opinion instead of posting to reinforce that i’m a moron, right Whuh..
Are you at home with 4 welfare babies????