The following chart shows the annual growth in retail and food services sales (excluding nonstore retail sales). It is not adjusted for population growth or inflation.
Click to enlarge.
"Everybody talks about the weather, but nobody does anything about it." - Author Unknown
Source Data:
St. Louis Fed: Custom Chart
Q4 GDP Tracking: Mid 2% Range
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From Goldman:
We left our *Q4 GDP tracking estimate unchanged at +2.4%
(quarter-over-quarter annualized)* but boosted our Q4 domestic final sales
forecas...
4 hours ago
3 comments:
Who needs retail sales anyway?
The future looks bright! Just look at asset markets.
It's only a matter of time until asset inflation trickles down into wages. A day, a week, a decade - it's gotta happen.
I'm stocking up on shades!
mab,
You need a musical tribute!
Crazy "Shades" of Winter - The Bangled "Less Than Zero" Interest Rate Policy
Allow me to further puntificate. When I say bangled, I really mean bungled, at least over the full cycle.
Augmented Ba-dum Ching
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