GREAT: US Retail Sales Increase Strongly...

Discussion in 'Politics' started by Dschrute3, Aug 15, 2018.

  1. Dschrute3
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    Dschrute3 Gold Member

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    There is good news out there, folks. Don't allow Democrat Fake News to get you down. The sky isn't falling.


    U.S. retail sales rose more than expected in July as households boosted purchases of motor vehicles and clothing, suggesting the economy remained strong early in the third quarter.

    Economists polled by Reuters had forecast retail sales nudging up 0.1 percent in July. Retail sales in July increased 6.4 percent from a year ago.

    July's increase in core retail sales suggested the economy started the third quarter on solid footing after logging its best performance in nearly four years in the second quarter.

    GDP surged at a 4.1 percent annualized rate in the April-June period, almost double the 2.2 percent pace in the first quarter.

    US retail sales increase strongly in July
    DRUDGE REPORT 2018®
     
  2. Golfing Gator
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    Golfing Gator Gold Member

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    In other good news, US household debt is up to $13.29 trillion, because most Americans live the same way the government operates, in the red.

    The level of U.S. consumer debt was $618 billion higher than the previous peak of $12.68 trillion in the third quarter of 2008. It was 19.2 percent above a post global credit crisis low set in the second quarter of 2013, the New York Fed said.

    U.S. household debt rises to $13.3 trillion in second quarter
     
  3. Dschrute3
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    Dschrute3 Gold Member

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    They seem to have more disposable income. That's a good thing.
     
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  4. Golfing Gator
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    Golfing Gator Gold Member

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    If they had more disposable income debt would not be rising. What they have is more debt, not more disposable income
     
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  5. BlackFlag
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    BlackFlag I haz hoisted it!

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    Here’s the actual article, if you want to read into it more than the propaganda the OP slurped up from his state run media: US retail sales increase strongly in July

    Up 0.5% from the month before, up 6.4% from last year, figures no different than under the previous administration, and unlikely to be repeated in the upcoming months.
     
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  6. Siete
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    Siete Gold Member

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    they seem to be buying the crap it takes to send millions of children BACK TO SCHOOL .....

    DDDDDDUUUUUUUHHHHHHHH
     
  7. Dschrute3
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    Dschrute3 Gold Member

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    They seem to have the money. And that's a good thing. Unemployment being the lowest in 18yrs, means more folks working and having more disposable income.
     
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  8. Mr Clean
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    Mr Clean Gold Member

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    And also the confidence to take on a greater debt load.
     
  9. AzogtheDefiler
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    AzogtheDefiler VIP Member Gold Supporting Member Supporting Member

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    I am curious is this secured or unsecured debt? Thank you.
     
  10. Siete
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    Siete Gold Member

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    According to the BLS, wages and salaries increased by about 2.7 percent year over year in the first three months of 2018. That’s pretty much in line with inflation. And even as unemployment levels are historically low, worker pay isn’t rising.

    It’s not that corporations don’t have more money — it’s that they have no particular reason to give that money to workers.
    The Republican tax bill has been a major windfall for corporations and the wealthy.

    According to estimates from the Center on Budget and Policy Priorities, the top fifth of earners get 70 percent of the bill’s benefits, and the top 1 percent get 34 percent. The new tax treatment for “pass-through” entities — companies organized as sole proprietorships, partnerships, LLCs, or S corporations — will mean an estimated $17 billion in tax savings for millionaires in 2018. American corporations are showering their shareholders with stock buybacks, thanks in part to their tax savings, and have returned nearly $700 billion to investors this year.

    When the tax bill was passed, a number of corporations announced bonuses and investments. Some of those were recycled news, and regardless, while a $1,000 one-time payout is a nice boost, it is not a sustained benefit to workers in the same way a wage increase is.


    :piss2:

    ALL HAT GLITTERS ISNT GOLD .......
     

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