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

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

No comments:

Post a Comment