More unexpectedly bad economic news - Retail sales fall for 3rd straight month - Jets Insider.com Forums

Jungle Shift Jet · 07-16-2012, 11:33 PM

U.S. retail sales fell for a third straight month in June as demand slumped for everything from cars and electronics to building materials, a sign the economic recovery is flagging.
Retail sales slipped 0.5 percent, the Commerce Department said on Monday.

It was the first time sales had dropped in three consecutive months since late 2008, when the economy was still mired in a deep recession. Analysts polled by Reuters had expected retail sales to rise 0.2 percent.

“Evidence is increasingly clear that the U.S. economy is slowing,” said Jim Baird, an investment strategist at Plante Moran Financial Advisors in Kalamazoo, Mich.

http://www.cnbc.com/id/48194314

It's Bush's fault.

WestCoastOffensive · 07-16-2012, 11:50 PM

Pardon me, is this this the proper place to stand to catch the Counter-Spin?

I'd hate to miss it; I am sure it will be here soon.

Frequent Flyer · 07-17-2012, 03:31 AM

"unexpected". LMAO

Yeah, if you're a moron.

quantum · 07-17-2012, 09:10 AM

Its not flagging, its just resting. Resting so that it can soar very soon, like starting Nov 5th after Premier Comrade Dumbama gets another term.

Just wait for it.

sackdance · 07-17-2012, 09:23 AM

We've been recovering for so long that there's not much left to recover.

It all started in 2010 during the famous Summer of Recovery.

Chairman Mao's rhetorical legacy at work.

07-16-2012, 11:33 PM	#1
Jungle Shift Jet Borgo, North Decoder All Pro Join Date: Oct 2009 Location: Alive with a superior intellect in an erudite world of fine tastes that you will never, EVER acquire Posts: 5,151	More unexpectedly bad economic news - Retail sales fall for 3rd straight month U.S. retail sales fell for a third straight month in June as demand slumped for everything from cars and electronics to building materials, a sign the economic recovery is flagging. Retail sales slipped 0.5 percent, the Commerce Department said on Monday. It was the first time sales had dropped in three consecutive months since late 2008, when the economy was still mired in a deep recession. Analysts polled by Reuters had expected retail sales to rise 0.2 percent. “Evidence is increasingly clear that the U.S. economy is slowing,” said Jim Baird, an investment strategist at Plante Moran Financial Advisors in Kalamazoo, Mich. http://www.cnbc.com/id/48194314 It's Bush's fault.

07-16-2012, 11:50 PM	#2
WestCoastOffensive Didn't pull the pin - got blasted anyway Board Moderator Jets Insider VIP Join Date: Oct 2005 Location: SF via Strong Island Posts: 26,972	Pardon me, is this this the proper place to stand to catch the Counter-Spin? I'd hate to miss it; I am sure it will be here soon.

07-17-2012, 03:31 AM	#3
Frequent Flyer Now....infrequent. Banned Join Date: Aug 2010 Posts: 1,903	"unexpected". LMAO Yeah, if you're a moron.

07-17-2012, 09:10 AM	#4
quantum GFY Snatchez! Hall Of Fame Join Date: Nov 2004 Location: LI Posts: 18,031	Its not flagging, its just resting. Resting so that it can soar very soon, like starting Nov 5th after Premier Comrade Dumbama gets another term. Just wait for it.

07-17-2012, 09:23 AM	#5
sackdance All Pro Join Date: Jul 2003 Posts: 5,906	We've been recovering for so long that there's not much left to recover. It all started in 2010 during the famous Summer of Recovery. Chairman Mao's rhetorical legacy at work.