| Retail Sales Better Than Expected -- 5/8/2008 |
|
However, if one reads into the details of the report, it is a consumer shopping at wholesalers or discounters like WalMart and Costco. The consumer is still shying away from clothing and other more expensive areas of retail. For us, this is an extremely negative sign and not showing that the economy is repairing itself. Rather, the consumer is bedding down for a winter in economics. Gas hit another record...
AAA is reporting that the national average for gasoline his another record to $3.645 USD. Wow. The more this goes up, the more demand has to drop. Unfortunately, inflation is just going to get worse. Remember when oil was at $90 and we were saying how bad it was going to make inflation? Price inflation has a lag related to oil price. Gasonline has a lag on oil price. However, in a few months,we will be feeling the effects of these prices now. We just better hope oil starts to fall soon. Get The Limit Order for $6.65/month with a 3 month membership. The Limit Order stock picks continue to outperform the market, Register for free and check it out. |
