Retail Sales Resurge Along With Nations Economy

JimBowie1958

Old Fogey
Sep 25, 2011
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This is a V shaped recovery, no doubt, and everything will be back to Trumps thriving economy standards by election day.



Sales at electronics and appliance stores jumped much higher in July, pushing up overall sales despite a reported decline in sales of autos.
Retail sales at electronics and appliance stores jumped 22.9 percent on a seasonally adjusted basis, following a 37.6 percent gain in the prior month, data published by the Commerce Department on Friday showed. Compared with a year ago, July’s appliance and electronics sales were down 2.8 percent.
For the first seven months of the year, sales at electronic and appliance stores are down 18.6 percent.
Overall retail sales rose at a seasonally adjusted 1.2 percent, below the consensus forecast for a 2 percent growth. Excluding autos, however, sales were up 1.9 percent, beating expectations for a 1.5 percent gain.
Overall retail sales grew 8.4 percent in June after a double-digit percentage rise in May. Three months of gains has pushed sales above the pre-pandemic level seen in February, a remarkable recovery following unprecedented declines as much of the economy shut down in March and April to combat the coronavirus.
 
The Trump economy is sound, despite Democrat-caused disruptions.
It is sound to the tune of over 4 trillion in government infusion of funds....If no govt. infusion the economy would suck, so, as we see state capitalism works because plain old capitalism tends to collapse.
 
The biggest problem right now is that stocks are worth more than GNP....Lookout for a devaluation soon.
It is curious. I mean it's my retirement so I'm not complaining, but it's obvious that there's lots of investment capital with few places to go

Without more govt stimulus, the econ could stall out. Trump's betting on it not getting worse, and the dems decided to not help him without him agreeing to help states or continue UI at something like $600 a week on top of state benefits. That seems a curious be to me, but Trump at all times needs an enemy so be the foil for his narrative of "alternate facts." His attacks on biden weren't landing, so he seems to be aiming at "socialists."
 
The biggest problem right now is that stocks are worth more than GNP....Lookout for a devaluation soon.
It is curious. I mean it's my retirement so I'm not complaining, but it's obvious that there's lots of investment capital with few places to go

Without more govt stimulus, the econ could stall out. Trump's betting on it not getting worse, and the dems decided to not help him without him agreeing to help states or continue UI at something like $600 a week on top of state benefits. That seems a curious be to me, but Trump at all times needs an enemy so be the foil for his narrative of "alternate facts." His attacks on biden weren't landing, so he seems to be aiming at "socialists."
I have never liked the stock market and I never gamble with known cheats. I put my money on raw land, at least when I am broke I can grow food.
 
This is a V shaped recovery, no doubt, and everything will be back to Trumps thriving economy standards by election day.



Sales at electronics and appliance stores jumped much higher in July, pushing up overall sales despite a reported decline in sales of autos.
Retail sales at electronics and appliance stores jumped 22.9 percent on a seasonally adjusted basis, following a 37.6 percent gain in the prior month, data published by the Commerce Department on Friday showed. Compared with a year ago, July’s appliance and electronics sales were down 2.8 percent.
For the first seven months of the year, sales at electronic and appliance stores are down 18.6 percent.
Overall retail sales rose at a seasonally adjusted 1.2 percent, below the consensus forecast for a 2 percent growth. Excluding autos, however, sales were up 1.9 percent, beating expectations for a 1.5 percent gain.
Overall retail sales grew 8.4 percent in June after a double-digit percentage rise in May. Three months of gains has pushed sales above the pre-pandemic level seen in February, a remarkable recovery following unprecedented declines as much of the economy shut down in March and April to combat the coronavirus.

July was not a resurgance. It was a flattening of the curve. This is not a V-shaped recovery August will see the pulling of trillions of dollars on stimulus out of the economy.
 
Guys this isn't strong electronic sales. This is just trying to resupply the stores that got looted.

You know, a cop puts a knee on a negro neck and that justifies taking the 65" 4K Samsung out through the back door.

Ya know, like, reparations and shit.
 
Either that or the stores are seeing they have no more TV's and are reporting massive sales.

Just wait until they compare inventory to actual sales. Then they'll realize those TV's didn't walk out through the front door.
 
The biggest problem right now is that stocks are worth more than GNP....Lookout for a devaluation soon.
It is curious. I mean it's my retirement so I'm not complaining, but it's obvious that there's lots of investment capital with few places to go
Without more govt stimulus, the econ could stall out. Trump's betting on it not getting worse, and the dems decided to not help him without him agreeing to help states or continue UI at something like $600 a week on top of state benefits.
Excess wealth around the globe can invest in the USA economy. So our stock markets total market cap will always exceed our GDP as long as we do well.
This is a direct investment into the economy as well.

That seems a curious be to me, but Trump at all times needs an enemy so be the foil for his narrative of "alternate facts." His attacks on biden weren't landing, so he seems to be aiming at "socialists."
That is mostly in your TDS mind.

The Marxists that now control the Democratic Party are in fact our worst enemies as the prefer to defend China and repeat Chicom propaganda instead of remaining loyal to our nations POTUS.
 
Guys this isn't strong electronic sales. This is just trying to resupply the stores that got looted.
" Overall retail sales grew 8.4 percent in June after a double-digit percentage rise in May. "
I'll take an 8% growth m-o-m, thank you.
 
WINNING! ! !



Even prior to this week’s wave of good data, economists surveyed by the Wall Street Journal in August saw the economy expanding at an 18.3 percent annualized rate, up from their July forecast of 15.2 percent.
The Atlanta Fed’s GDPNOW economic indicator reads the economy as running at a 26.2 percent growth rate, up from 20.5 percent a week ago. That very likely overstates what growth will be in the third quarter but it gives a good idea of just how strong recent economic data has been.
 

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