US recession fears as retail sales fall

Discussion in 'Politics' started by Matthew, Jul 16, 2012.

  1. Matthew
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    Matthew Blue dog all the way!

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    US recession fears as retail sales fall
    telegraph ^ | 10:25PM BST 16 Jul 2012 | Richard Blackden
    [ quote]

    The 0.5pc drop last month was marked by waning demand for goods ranging from furniture to electronics as Americans retrenched in the face of weak wage growth, a slowing jobs market and persistent fears over Europe’s debt crisis.

    For the second quarter as a whole, retail sales fell at an annual pace of 0.8pc compared with an increase of 6.7pc in the first three months of the year when the country’s jobs market showed signs of improvement. With the consumer again cutting back, the report raised fears among some economists that the US could slide back into recession.

    “The report offers no quarter for those looking for good news for the US consumer,” said David Semmens, an economist at Standard Chartered. Nine of the 13 categories covered by today’s report from the Commerce Department showed declines, with essential categories such as food among the handful to buck the drop.

    Wall Street had been expecting a gain of 0.2pc.

    The weakness of the report will bring into even sharper focus tomorrow’s appearance by Federal Reserve chairman Ben Bernanke before Congress....
    [/quote]
    US recession fears as retail sales fall - Telegraph

    It never ever ends. :eusa_silenced: What recovery? :confused:
     
  2. Matthew
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    Matthew Blue dog all the way!

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    How many summers of recovery has this been? These economic policies of spending us into the ground have FAILED.
     
  3. Sinjorri
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    Sinjorri Senior Member

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    obama saved us from the worst depression EVA ask any lefty they will enlighten u. He saved us so there. :clap2::clap2:
     
  4. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    When people turn to God, the economy will recover.
     
  5. francoHFW
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    francoHFW Platinum Member

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    Pubs have blocked everything since 2/2010, this is THEIR recovery as well as there depression, fools. They have ALWAYS voted for jobs bills until now- Now NEVER. Their "jobs bills" are ideological propaganda, wouldn't do anything for years to the detriment of workers, customers, and environment. You are brainwashed chumps of greedy incompetents, shytteheads. Read something.Sleep well!
     
  6. Sinjorri
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    Sinjorri Senior Member

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    what about before the repubs took the house and couldnt stop anything? WHat than? what was obamas plan than?
     
  7. Moonglow
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    Moonglow Diamond Member

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    Good, then we can end all wars?
     
  8. Moonglow
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    Moonglow Diamond Member

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    then not than.
     
  9. Moonglow
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    Moonglow Diamond Member

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    Which way do we turn? Where is he standing, and what if God was a hermaphrodite?
     
  10. Matthew
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    Matthew Blue dog all the way!

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    End them!

    Put the money into our schools, science(research, space), roads, bridges and if there's any extra refund it to the tax payers. :cool:
     

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