Discussion in 'Economy' started by Kevin_Kennedy, Jun 4, 2009.
Fail, Fail, Fail, Fail by Llewellyn H. Rockwell, Jr.
Personally, I'm VERY pessimistic about a recovery anytime soon.
US retailers report May sales declines
Early May retail sales results show shoppers remain cautious; many chains report declines
On Thursday June 4, 2009, 9:00 am EDT
NEW YORK (AP) -- Many U.S. retailers are reporting sales declines in May as shoppers continue to shop cautiously.
Costco Wholesale, Hot Topic and Stage Stores are all reporting drops more than analysts expected. Limited Brands, the Columbus, Ohio-based operator of Victoria's Secret and Bath & Body Works stores, says its decline matched forecasts.
Two factors might weigh on May results. A year ago, sales benefited from fiscal stimulus checks. And Wal-Mart Stores Inc., which has recently reported positive results, stopped issuing monthly sales data as of this month. That is likely to hurt overall results.
Same-store sales, or sales at stores open at least a year, are a key indicator of retailer performance because they measure growth at existing stores rather than newly opened ones.
stock market is up...
job loss is slowing
ADP Employment Report Shows Job Losses Slowing - US News and World Report
Hopeful Sign in Labor Market as Pace of Job Losses Slows - WSJ.com
economy on the upturn
VOA News - Bernanke Sees Economic Upturn Later This Year
can't you at least be honest about that? messes like the last eight years left do not get fixed overnight.
or should we have continued to do the same things that caused the economic failure in the first place?
and half the people who thought the country was going in the wrong direction now think so...
you seem very, very young.
The simple fact of the matter is that the economy is in free fall. All the lies in the headlines do not hide the facts. 600,000 newly unemployed each week is a frightening reality. Sales are plummeting. Service sector economies lack the capacity to "bounce back" from economic collapse. Even if we reached a plateau in economic decline, we will stay close to that plateau for a long time to come. Right now there is no indication of a plateau.
Remember in 1929 all the so called experts kept on saying, things are improving, yet they continued to get worse. The lesson to learn from that is "Do not believe governmental lies."
Bernanke is a twit. All he has managed to do is manipulate the micro economic figures by creating false profits for banks. That is a good thing in that the Banks were able to post false profits and then float massive stock issuances to bring in more money for the upcoming hard times. Hopefully some of them will make it through.
that's untrue and not bourne out by any of the current numbers.
why do you wish for that? because it would prove your failed ideology right?
And throwing vestal virgins into the volcano makes the copra crop grow.
Jillian, are you insane? Post the numbers and look at reality. Damn!
Damn, again! You are a sheeple who is following all the lies in the headlines.
Don't believe a thing you are reading that comes out of Washington. It is all lies intended to deceive.
In March they started an extensive campaign to mislead the public so the banks could sell stocks. Most of the stocks have been sold to the fools, and now the reality will set in.
I think its a little early to declare failure. But its probably going to fail. We should've never bailed out those banks, wallstreet firms, and automakers. Damn Bush and Obama for ever thinking this was a good idea. How many billions of dollars have been bamboozled now? We all got screwed!
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