Sales at U.S. retailers declined in December to wrap the weakest year
since 2009, raising concern about the momentum in consumer spending
heading into 2016.
The 0.1 percent drop matched the median
forecast of 84 economists surveyed by Bloomberg and followed a 0.4
percent gain in November, Commerce Department figures showed Friday in
Washington. For all of 2015, purchases climbed 2.1 percent, the smallest
advance of the current economic expansion.
The slowdown, including electronics stores, clothing merchants and
grocers, indicates Americans probably preferred to sock away the savings
from cheaper fuel instead of splurging during the holiday season. While
hiring has been robust in recent months, faster wage gains remain
elusive, one reason household spending may have a tougher time
accelerating as the new year gets under way.
“There
isn’t anything encouraging in this report,” said Thomas Simons, a
money-market economist at Jefferies Group LLC in New York. “It’s very
disappointing. The labor market is in good shape, which suggests the
outlook is probably better than this.”
Estimates in the Bloomberg
survey for retail sales ranged from a decline of 1 percent to a 0.3
percent advance. The November tally was revised up from a previously
reported 0.2 percent increase.
http://www.bloomberg.com/news/articles/2016-01-15/retail-sales-in-u-s-decrease-to-end-weakest-year-since-2009
"... It is only in this way that we can hope to arrive at truth, and fulfill the great responsibility which we hold to God and our country. Should I keep back my opinions at such a time, through fear of giving offense, I should consider myself as guilty of treason towards my country, and of an act of disloyalty toward the Majesty of Heaven, which I revere above all earthly kings."....I know not what course others may take; but as for me, give me liberty or give me death!"
Saturday, January 16, 2016
WHEN OBAMANAMICS IS ALL ABOUT PART TIMER WORKERS AMD IMMIGRANTS WITH LOS WAGES THIS IS WHAT HAPPENS TO THE RETAIL INDUSTRY WITH NO ONE HAVING ANYMORE SPENDING CASH TO PAY FOR WANTS SINCE ALL MUST FEED THE NEED OF THE TAXING AND REGULATIONS IMPARTED BY THE POTUS BHO CHAOS THESE LAST 8 YEARS - THE SMOKE AND MIRROR ECONOMY WITH OVER 90 MILLION NO LONGER LOOKING FOR WORK IS NOT ABLE TO SUSTAIN GROWTH IN THE MARKET - THUS THE ROOSTER CHICKEN HAS COME TO ROAST THE AMERICAN PEOPLE FROM THE DEMOCRAT LEADER POTUS BHO - EVEN WALMART WITH ITS LOW COST MERCHANDIZE CANNOT GET ENOUGH PEOPLE TO SPEND FROM ITS STORE - AS TOO HAVING HISTORICAL TIES WITH THE DEMOCRAT HILLARY CLINTON AN EX BOARD MEMBER
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