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MarketTicker Forums Read Message in NotSoBreaking
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User Info U.S. JUNE RETAIL SALES DECREASE 0.5%; EX-AUTOS FALL 0.4% in forum [NotSoBreaking]
Bearshort
Posts: 4476
Incept: 2007-09-13
Green
NYC
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U.S. JUNE RETAIL SALES DECREASE 0.5%; EX-AUTOS FALL 0.4%
Bad

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"How long to the point of know return?"
Enemies of the State: Bernanke, Geithner, Frank, Dodd, Greenspan, Paulson.
Argos
Posts: 6305
Incept: 2008-03-23
Gold
The Green Mountain State
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Econoday was expecting readings of +0.2% and +0.1%, respectively.

Census Release (.pdf):

http://www.census.gov/retail/marts/www/m....
Rvacha
Posts: 8295
Incept: 2008-10-03
Gold
Cleveland
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Autos fell 0.6%, Autos have accounted for roughly 30% of the rise in GDP over the last year or two. IMHO this will lead to GDP projections being trimmed down - a lot

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"I suggest you panic." - Hugh Hendry
Argos
Posts: 6305
Incept: 2008-03-23
Gold
The Green Mountain State
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As we know, Rvacha, demand was so brought forward.
Clintb350
Posts: 1451
Incept: 2008-01-19

Southern AZ
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With .gov backed subprime loans, think Ally (GMAC).

Enapa
Posts: 1161
Incept: 2008-01-25

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Just like i said, no more free housing = no more spending.
Rvacha
Posts: 8295
Incept: 2008-10-03
Gold
Cleveland
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Zh headline
Quote:
Goldman Cuts Its Q2 GDP Estimate Again To 1.1%, Just Above Stall Speed

I've never understood the "stall speed" thing - shouldn't stall speed be anything less than the growth of debt?

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"I suggest you panic." - Hugh Hendry
Rvacha
Posts: 8295
Incept: 2008-10-03
Gold
Cleveland
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LOL! Well, newest ZH headline is more like how I measure "stall speed"
Quote:
The Problem In A Nutshell: Annualized GDP Growth Of 1%; Annualized US Debt Growth of 21%

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"I suggest you panic." - Hugh Hendry
Infidel
Posts: 5463
Incept: 2007-08-27
Green A True American Patriot!
between here and there
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"Altitude 30,000"
"check"
"Full flaps"
"check"
"Gear down"
"nose up"
"check"
"airspeed 60 knots"
"check"

"Ok, I'm heading back to see the new girl, your in charge son"

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"DON'T BELIEVE THEM, DON'T FEAR THEM, DON'T ASK ANYTHING OF THEM." -ALEXANDER SOLZHENITSYN.

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