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Island Dog
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Retail sales rise 1.4 pct, twice forecast

May 12, 2005 8:21:41 AM from JoeUser ForumsJoeUser Forums
Debunking more of col's bs.

WASHINGTON (Reuters) - U.S. retail sales turned in their strongest showing in seven months in April, rising 1.4 percent in a broad-based gain that doubled expectations and may further dispel fears of an economic soft spot.
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The
Commerce Department said on Thursday the increase -- which topped economists' expectations for a 0.7 percent climb -- was the largest since September.


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Island Dog
drmiler
Join Date 09/2004
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Reply #1 May 12, 2005 10:06:31 AM
from JoeUser ForumsJoeUser Forums
I just wish we could rub his face in it like a bad puppy!
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Island Dog
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Reply #2 May 12, 2005 1:54:07 PM
from JoeUser ForumsJoeUser Forums
These are the posts he ignores.
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drmiler
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Reply #3 May 12, 2005 2:39:15 PM
from JoeUser ForumsJoeUser Forums

These are the posts he ignores.


Yup, because these are "facts" NOT fiction.
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Reply #4 May 13, 2005 8:40:06 AM
from JoeUser ForumsJoeUser Forums
I really think they are disappointed when they see good news from the economy.
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MasonM
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Reply #5 May 13, 2005 8:58:41 AM
from JoeUser ForumsJoeUser Forums
Wouldn't want to give the administration any positive credit now, would we?
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Reply #6 May 16, 2005 12:00:41 PM
from JoeUser ForumsJoeUser Forums
Still no comment from the people who are experts on everything.
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COL Gene
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Reply #7 May 16, 2005 4:42:53 PM
from JoeUser ForumsJoeUser Forums
I guess you guys missed the problem that United airlines just had. the problem the General Motors Corp is having and have you looked the stock market lately. You'll also notice that personal a debt is at an all-time high. That means the increased spending is being bought on credit. A 1-month increase in retail sales does NOT clear up a $675 billion annual deficit, it does not solve a 700 billion-dollar trade deficit. The guarantee pension Corp. is in deep trouble. You are like Herbert Hoover just before the crash in 29.
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drmiler
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Reply #8 May 16, 2005 5:26:17 PM
from JoeUser ForumsJoeUser Forums
I guess you guys missed the problem that United airlines just had. the problem the General Motors Corp is having and have you looked the stock market lately. You'll also notice that personal a debt is at an all-time high. That means the increased spending is being bought on credit. A 1-month increase in retail sales does NOT clear up a $675 billion annual deficit, it does not solve a 700 billion-dollar trade deficit. The guarantee pension Corp. is in deep trouble. You are like Herbert Hoover just before the crash in 29.


So according to *you* the Department of Commerce is lying and Reuters doesn't know what it's talking about? Just an FYI this thread was NOT about the deficit! GET A CLUE the ya clueless old liberal!
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Reply #9 May 16, 2005 9:18:04 PM
from JoeUser ForumsJoeUser Forums
A 1-month increase in retail sales does NOT clear up a $675 billion annual deficit, it does not solve a 700 billion-dollar trade deficit.


Col you started a post claiming Bush is "hurting the American people" because retail sales were down and that was somehow the fault of Bush. You were wrong then, and you are wrong now. Are you going to admit it?

Everytime you get proved wrong you go back to the same whining about the deficit. There is more to the economy than that.


You are like Herbert Hoover just before the crash in 29.


I bet you think a depression is next right?
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Reply #10 May 17, 2005 9:11:46 AM
from JoeUser ForumsJoeUser Forums
If the retail sales increase is sustained and the budget is balanced I would be glad to Bush credit. However, a small increase in the retail sales with the trade deficit, federal deficit, the pension plan problems, sales problems in Auto's and the increasing oil prices and interest rates do not show a better economy. This month consumer confidence was down. How about that news. Also from Govt info.
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Reply #11 May 18, 2005 7:19:52 AM
from JoeUser ForumsJoeUser Forums
Today AP (Business section) reported " Economy sputters, manufacturig slowing, inflation on the rise." The article did say housing starts were up but that the economy is not good and stated intetrest rates will need to increase much more which will most likely impact housing and Auto purchase which are already in trouble for Ford and GM. The AP also reported bad news with inflation both with and without energy increases.
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drmiler
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Reply #12 May 18, 2005 8:12:49 AM
from JoeUser ForumsJoeUser Forums
Today AP (Business section) reported " Economy sputters, manufacturig slowing, inflation on the rise." The article did say housing starts were up but that the economy is not good and stated intetrest rates will need to increase much more which will most likely impact housing and Auto purchase which are already in trouble for Ford and GM. The AP also reported bad news with inflation both with and without energy increases.


Try going here instead of AP. This page from U.S. Bureau of Labor Statistics puts things in their proper prospective.

Link
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COL Gene
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Reply #13 May 18, 2005 8:49:40 AM
from JoeUser ForumsJoeUser Forums
drmiler

Thanks for the link

It shows Consumer and producer prices UP just as I said i.e Inflation

Average weekly wage is NOT ADJUSTED FOR INFLATION and after you add that addjustment, Average Weekly Wages are DOWN from last March!

Interest rates are UP even though the link you provided do not include that data.

GM. Ford United are all in trouble. The higher cost of gasoline is starting to add surcharges on many things. I have them on my electric and lawn service this month. The Guarantee Pension Corp has unfunded liability over $20 Billion which could triger another Federal bailout. YES things are GREAT!
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drmiler
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Reply #14 May 18, 2005 9:19:15 AM
from JoeUser ForumsJoeUser Forums
drmiler

Thanks for the link

It shows Consumer and producer prices UP just as I said i.e Inflation


Right and "wrong". While the consumer end is up a whole 4/10th of a point. The producer end is DOWN a tenth

Interest rates are UP even though the link you provided do not include that data.



Oh boo-ho prime has gone up a whole quater of a point. What's the world gonna end now?


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Reply #15 May 18, 2005 9:32:02 AM
from JoeUser ForumsJoeUser Forums
Drmiler

The prime has increased 1.75% over the past year. The Prodcer and consumer prices have been up EVERY month on your chart except Dec 2004. Some months it is up .7 others .6 but UP in ALL months except Dec 2004.

Historical Chart


Prime Rate
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005
Jan 1 8.50% 8.50% 8.25% 8.50% 7.75% 8.50% 9.50% 4.75% 4.25% 4.00% 5.25%
Feb 1 9.00% 8.25% 8.25% 8.50% 7.75% 8.50% 8.50% 4.75% 4.25% 4.00% 5.25%
Mar 1 9.00% 8.25% 8.25% 8.50% 7.75% 8.75% 8.50% 4.75% 4.25% 4.00% 5.50%
Apr 1 9.00% 8.25% 8.50% 8.50% 7.75% 9.00% 8.00% 4.75% 4.25% 4.00% 5.75%
May 1 9.00% 8.25% 8.50% 8.50% 7.75% 9.00% 7.50% 4.75% 4.25% 4.00% 5.75%
Jun 1 9.00% 8.25% 8.50% 8.50% 7.75% 9.50% 7.00% 4.75% 4.25% 4.00%
Jul 1 9.00% 8.25% 8.50% 8.50% 8.00% 9.50% 6.75% 4.75% 4.00% 4.25%
Aug 1 8.75% 8.25% 8.50% 8.50% 8.00% 9.50% 6.75% 4.75% 4.00% 4.25%
Sep 1 8.75% 8.25% 8.50% 8.50% 8.25% 9.50% 6.50% 4.75% 4.00% 4.50%
Oct 1 8.75% 8.25% 8.50% 8.25% 8.25% 9.50% 6.00% 4.75% 4.00% 4.75%
Nov 1 8.75% 8.25% 8.50% 8.00% 8.25% 9.50% 5.50% 4.75% 4.00% 4.75%
Dec 1 8.75% 8.25% 8.50% 7.75% 8.50% 9.50% 5.00% 4.25% 4.00% 5.00%
Copyright 2005 MoneyCafe.com

Source: Federal Reserve Board
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drmiler
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Reply #16 May 18, 2005 9:56:18 AM
from JoeUser ForumsJoeUser Forums
Drmiler

The prime has increased 1.75% over the past year. The Prodcer and consumer prices have been up EVERY month on your chart except Dec 2004. Some months it is up .7 others .6 but UP in ALL months except Dec 2004.

Historical Chart


Prime Rate
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005
Jan 1 8.50% 8.50% 8.25% 8.50% 7.75% 8.50% 9.50% 4.75% 4.25% 4.00% 5.25%
Feb 1 9.00% 8.25% 8.25% 8.50% 7.75% 8.50% 8.50% 4.75% 4.25% 4.00% 5.25%
Mar 1 9.00% 8.25% 8.25% 8.50% 7.75% 8.75% 8.50% 4.75% 4.25% 4.00% 5.50%
Apr 1 9.00% 8.25% 8.50% 8.50% 7.75% 9.00% 8.00% 4.75% 4.25% 4.00% 5.75%
May 1 9.00% 8.25% 8.50% 8.50% 7.75% 9.00% 7.50% 4.75% 4.25% 4.00% 5.75%
Jun 1 9.00% 8.25% 8.50% 8.50% 7.75% 9.50% 7.00% 4.75% 4.25% 4.00%
Jul 1 9.00% 8.25% 8.50% 8.50% 8.00% 9.50% 6.75% 4.75% 4.00% 4.25%
Aug 1 8.75% 8.25% 8.50% 8.50% 8.00% 9.50% 6.75% 4.75% 4.00% 4.25%
Sep 1 8.75% 8.25% 8.50% 8.50% 8.25% 9.50% 6.50% 4.75% 4.00% 4.50%
Oct 1 8.75% 8.25% 8.50% 8.25% 8.25% 9.50% 6.00% 4.75% 4.00% 4.75%
Nov 1 8.75% 8.25% 8.50% 8.00% 8.25% 9.50% 5.50% 4.75% 4.00% 4.75%
Dec 1 8.75% 8.25% 8.50% 7.75% 8.50% 9.50% 5.00% 4.25% 4.00% 5.00%
Copyright 2005 MoneyCafe.com

Source: Federal Reserve Board


Yeah and it's down 3.5 points from Jan 2001.
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Reply #17 May 18, 2005 10:07:41 AM
from JoeUser ForumsJoeUser Forums
That is correct. The reason it is down is because the Fed Chairman lowered the rates. When Regan was president it was 12% Rates are on the way UP because of inflation and when the increase impacts long term loans like mortgages, the s*it will hit the Fan. In addition because Bush has added $2 Trillion to the national debt, the interest we will pay will be MAJOR increases. Just think of the interest on the added $2 Trillion plus the higher rates. Last month the treasury was unable to get foreign investors to buy enough new debt to cover our trade deficit. If we can not sell our bonds in the future, the deficit financing will come to a hault. It will be like hitting the limit on a credit card. Then the only answer will be higher taxes to pay our bills!
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