WASHINGTON (AP) -- Retail sales fell in December as demand for autos, clothing and appliances all slipped, a disappointing finish to a year in which sales had the largest drop on record.
The weakness in consumer demand highlighted the formidable hurdles facing the economy as it struggles to recover from the deepest recession in seven decades.
The Commerce Department said Thursday that retail sales declined 0.3 percent in December compared with November, much weaker than the 0.5 percent rise that economists had been expecting. Excluding autos, sales dropped by 0.2 percent, also weaker than the 0.3 percent rise analyst had forecast.
More Here..
Job Loss 801,086 in the week ending Jan. 9
Link Here
This is the Tipping Point.
ReplyDeleteFade to black...roll credits...The End
7:33
ReplyDeleteLOL
Hahahaha seriously I had to double check just in case I didn't understand the true percentages...I had a semi-nightmare last nite and I'm actually semi-prepared...OMG...We are soooo f*cked...I see us going the way of say a RoboCop/V for Vendetta/Blade Runner future.
ReplyDeleteThis is not really bad news
ReplyDeleteAll is well
Stock market up 23 and change
Say What ?
What time is Idol on?
ReplyDeleteExcluding auto sales ?
ReplyDeleteYou gotta be kiddin' me - people are buying cars?
I just read in an interview with Mark Reuss that GM is palnning on re=opening 2 plants next month
as they have 3 models they cannot produce enough
of & one of them is the new SRV cadillac but one is also the Buick lacrosse which is soccer mom
material
And the doomsday clock set BACK one minute today - first time since 1991.
See - all is not lost. carry on
The World Economic Forum has released Global Risks 2010, its annual report on the most significant and underlying global risks facing the global economy this year and beyond. The report argues that the events of the past year have revealed a fundamental need to change thinking on global risks and how they are managed. With unprecedented levels of interconnectedness between all areas of risk, the report stresses that the need to combat governance gaps globally is greater than ever.
ReplyDeletehttp://www.weforum.org/en/index.htm
Chek out the full report (PDF) - should be right up your alley.