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Economy |
NYT: Retail sales stall -- along with gasoline demand |
2022-08-18 |
![]() U.S. retail sales were virtually unchanged in July, slowed by the falling price of gasoline, the Commerce Department said Wednesday. That followed a revised 0.8 percent rise in June, which was driven in part by accelerating prices at the gas pump. CNBC’s Jeff Cox also took a glass-half-empty perspective on retail sales. It’s not a contraction, at least not yet, but it’s a stall: |
Posted by:Besoeker |
#6 The Inflation Reduction stuff was intended as a save the Democrats economic stimulus. I think they turned it into a last call on the gravy train for all the green and woke interests. No stimulus will result. After getting hammered in Nov, they will try to stage a giant pork fest in the lame session. Mitch will try to help. |
Posted by: Super Hose 2022-08-18 20:14 |
#5 Memorial and Independence Day holidays are long over, too. Credit cards coming due, with back to school expenses. CNBC’s Jeff Cox also took a glass-half-empty perspective on retail sales Whoa whoa Russian Agent spread your Bad Vibes! |
Posted by: swksvolFF 2022-08-18 10:56 |
#4 What about Diesel demand? You know the magic ingredient that fills the store shelves that never seem to be empty (except when directed by |
Posted by: Procopius2k 2022-08-18 10:56 |
#3 ...Gas prices here in SC are inching up slightly, but I'm assuming that's routine pre-Labor Day increases. Mike |
Posted by: MikeKozlowski 2022-08-18 08:27 |
#2 Hmm, demand falls, generally prices do, too. Memorial and Independence Day holidays are long over, too. But $5+ per gallon would/should put a damper on spending decisions. |
Posted by: DooDahMan 2022-08-18 05:34 |
#1 And in other news: Financial Times - Chinese economy ‘in desperate situation’ |
Posted by: Besoeker 2022-08-18 01:37 |