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.
Rob, consider picking up a copy of “The Money Book for the Young, Fabulous & Broke” by Suze Orman.
thanks dibs – the end gets cut off. what’s after “2009/”?
Half empty.
***Bid half off peak comps***
LOL joe thanks. next time that stupid loan collector calls me im just going to tell him i threw out my diploma! hahaha 🙂
*r*
joe…here’s a really good piece i saw today on what we were discussing yeaterday…
http://www.pimco.com/LeftNav/Global+Markets/Japan+Credit+Perspectives/2009/Japan+Credit+Perspectives+Jan+2009+Evolving+Crisis.htm
pitbull just take your degree off your resume and it’s totally fair.
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.
These morons like Paterson, Quinn & rangel and their RS apartments are going to get their comuppance (sp?). Are you prepared for the days of a Republican controlled City Council. I bet that’d scare the shit out of most of you feeding at the free tit of the govenment.
i made a super stupid decision last weekend and went to gamestop and bought a bunch of video games instead of paying back a student loan that is 7 months behind. what does that say about me? about consumers in general? i didnt even play any of those video games. there is something wrong with a lot of people, me included. but i have this general feeling that i dont have to pay back my student loans. why is that? i graduated in 2000. it’s now 2009. i think i’ve paid a total of like 300 dollars towards the 27,000 dollars i have out in loans. the private perkins loan people are MAD annoying and keep messing with my credit report, but the government loan people are fine everytime i call and ask to forbear and just tell them i cant afford it. meh, lots of interest i guess (tho the government one is low). i dont know how to get the private perkins loans people off my butt. (they call my job and harrass me!) the worst part is that i didnt pay that private one for over 7 years and it was written off i believe!!!! but i STUPIDLY contacted my college and said oh hey id like to start paying back this loan. grrrrr. i came to find out that after 7 years i didnt have to anymore. that’s not the case with the government loans tho, apparently that never goes away. but the psychic part of my brain tells me that it might be stupid to pay back if i cant afford it.
*r*
This is supposed to be good news? How did the stock market react?