Comments on: RETAIL SALES http://pragcap.com/retail-sales Sat, 26 May 2012 02:09:32 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Onlooker http://pragcap.com/retail-sales/comment-page-1#comment-1274 Onlooker Wed, 13 May 2009 16:04:13 +0000 http://pragcap.com/retail-sales#comment-1274 It looks like the market may have finally met a number it didn't like. One it didn't expect, in all it's apparent naivete'.<br><br>Retail sales. Yep, the expectations had been set too high, waaayy too early with all this grasping at thin threads of second derivative improvement. Now we've finally seen a "worse than expected" number (even though there's no way this shouldn't have been expected) so the market is disappointed and may finally experience a bit of a let down.<br><br>Give 'em credit though, it was a marvelous propaganda campaign to lure the hopeful suckers into the tent to buy those additional issues of bank, REIT, and other shares. I guess it's better than more taxpayer money, eh? It looks like the market may have finally met a number it didn't like. One it didn't expect, in all it's apparent naivete'.

Retail sales. Yep, the expectations had been set too high, waaayy too early with all this grasping at thin threads of second derivative improvement. Now we've finally seen a “worse than expected” number (even though there's no way this shouldn't have been expected) so the market is disappointed and may finally experience a bit of a let down.

Give 'em credit though, it was a marvelous propaganda campaign to lure the hopeful suckers into the tent to buy those additional issues of bank, REIT, and other shares. I guess it's better than more taxpayer money, eh?

]]> By: eh http://pragcap.com/retail-sales/comment-page-1#comment-1269 eh Wed, 13 May 2009 12:43:02 +0000 http://pragcap.com/retail-sales#comment-1269 All this talk of recovery -- "green shoots" -- is total nonsense. How could it be that years and years of über-consumption, which was fueled by credit and phony house price rises, could resume so soon when those two primary drivers have been completely quashed. Not to mention the staggering job losses. <br><br>It's just crazy. <br><br>At least the dollar is falling again, which is the first thing that has made sense for a while. All this talk of recovery — “green shoots” — is total nonsense. How could it be that years and years of über-consumption, which was fueled by credit and phony house price rises, could resume so soon when those two primary drivers have been completely quashed. Not to mention the staggering job losses.

It's just crazy.

At least the dollar is falling again, which is the first thing that has made sense for a while.

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