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| Economy |
| Retail sales take plunge as economy remains troubled under Biden |
| 2024-02-16 |
| [WND] Consumers cut back on retail spending in January as factors like inflation and high credit card debt weighed on Americans, according to a report from the Department of Commerce. U.S. retail sales were $700.3 billion in January, a decline of 0.8% from December adjusted for seasonal fluctuations, but were up 0.6% from January 2023 without taking price changes into account, according to a report from the Department of Commerce’s Census Bureau. Prices increased 3.1% year-over-year in January due to inflation, placing downward pressure on Americans’ spending power. |
| Posted by:Besoeker |
| #7 ^ old CPA joke there. |
| Posted by: Raj 2024-02-16 18:37 |
| #6 How the inflation rate only 3.2%. Three statisticians are interviewed for a government position. The boss asks the first one, how much is 2+2 and is told 4. The boss asks the same of the second applicant and gets the same reply. Finally, the boss asks the third candidate who replies - "what do you want it to be". He hires the third. |
| Posted by: Procopius2k 2024-02-16 17:37 |
| #5 Riddle me this. How the inflation rate only 3.2%. When: Gas went from $2.35 to $3.09+++ gal A $1.99 loaf of Bread increased to $2.45 and got smaller. Dollar Tree went from $1 items to $1.25 and started carrying $5 & $10 items. A Snicker Candy bar went from $0.95 to $1.75 and got smaller and does not taste the same. Car prices jumped over $5,000 over the previous years same equipped models etc. etc. etc.... |
| Posted by: NN2N1 2024-02-16 17:19 |
| #4 Youch. |
| Posted by: swksvolFF 2024-02-16 13:07 |
| #3 Lowe's is now 29%. |
| Posted by: Deacon Blues 2024-02-16 11:47 |
| #2 I got a notice from Home Depot that the interest rate on my card is now 30%. I cut up the card and canceled it. |
| Posted by: Deacon Blues 2024-02-16 11:45 |
| #1 So sales are up by 0.6%, but 3.1% of that is inflation. Bidenconomics shrinkflation! |
| Posted by: Bobby 2024-02-16 09:17 |