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Retail sales SINK
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risky biz
Dec 15, 2022, 3:04:22 PM12/15/22
to
'Here’s where consumers spent less money in November as retail sales sank
Retailers and restaurants saw sales fall 0.6 percent between October and November, according to the new data, marring what is normally a strong month for the sector and a crucial source of strength for the U.S. economy.
November’s decrease followed a strong 1.3 percent gain in retail sales in October, so it’s possible some holiday shopping typically slated for last month happened even earlier. But steep drops in sales across several major categories could be a sign that U.S. consumers are finally reaching their breaking points with inflation.
“US households are feeling increasingly uneasy about having to drain their savings and using their credit cards to make up for the lost spending power and cover their purchases,” wrote Gregory Daco and Lydia Boussour, economists at consulting firm EY-Parthenon, in a Thursday analysis.'
“Households are increasingly relying on their savings to sustain their spending, and many families are resorting to credit to offset the burden of high prices. These trends are unsustainable,” Daco and Boussour wrote.'
'Sales at furniture stores fell 2.6 percent in November and are down 3.2 percent on the year. That trend may keep up well into next year with high inflation weighing on household budgets and steep decline in home sales sapping some of the need for new furniture.'
“However, household budgetary concerns are also likely playing a role as the continuing gap between inflation and income growth puts a strain on consumer purchasing power.”
'Auto dealers saw sales drop 2.6 percent in November and are up just 0.5 percent on the year. Including auto parts stores, the sector lost 2.3 percent in sales from October. Experts said the drop was expected after previous data showed a drop in automobile purchases.'
'Electronics and appliance stores are another early pandemic winner who has fared much worse in 2022. The rush to purchase new TVs, computers, video game consoles and other lockdown staples has faded, all while rising prices for food and — until recently — gasoline ate away from disposable income.
“Big-ticket purchases look especially shaky,” said Ted Rossman, senior industry analyst at Bankrate.'
'Black Friday seemed like easy money for mega online retailers, particularly as a growing number of big box stores opted to stay closed the day after Thanksgiving. Private sector data reported record-breaking sales throughout the weekend, which seemed like a sign of consumer resilience amid high inflation.
But federal data paints a much different picture.
Nonstore retailers saw sales fall 0.9 percent last month, even as they still saw sales rise 7.7 percent over the past year.'
https://thehill.com/policy/finance/3776600-heres-where-consumers-spent-less-money-in-november-as-retail-sales-sank/
Retailers and restaurants saw sales fall 0.6 percent between October and November, according to the new data, marring what is normally a strong month for the sector and a crucial source of strength for the U.S. economy.
November’s decrease followed a strong 1.3 percent gain in retail sales in October, so it’s possible some holiday shopping typically slated for last month happened even earlier. But steep drops in sales across several major categories could be a sign that U.S. consumers are finally reaching their breaking points with inflation.
“US households are feeling increasingly uneasy about having to drain their savings and using their credit cards to make up for the lost spending power and cover their purchases,” wrote Gregory Daco and Lydia Boussour, economists at consulting firm EY-Parthenon, in a Thursday analysis.'
“Households are increasingly relying on their savings to sustain their spending, and many families are resorting to credit to offset the burden of high prices. These trends are unsustainable,” Daco and Boussour wrote.'
'Sales at furniture stores fell 2.6 percent in November and are down 3.2 percent on the year. That trend may keep up well into next year with high inflation weighing on household budgets and steep decline in home sales sapping some of the need for new furniture.'
“However, household budgetary concerns are also likely playing a role as the continuing gap between inflation and income growth puts a strain on consumer purchasing power.”
'Auto dealers saw sales drop 2.6 percent in November and are up just 0.5 percent on the year. Including auto parts stores, the sector lost 2.3 percent in sales from October. Experts said the drop was expected after previous data showed a drop in automobile purchases.'
'Electronics and appliance stores are another early pandemic winner who has fared much worse in 2022. The rush to purchase new TVs, computers, video game consoles and other lockdown staples has faded, all while rising prices for food and — until recently — gasoline ate away from disposable income.
“Big-ticket purchases look especially shaky,” said Ted Rossman, senior industry analyst at Bankrate.'
'Black Friday seemed like easy money for mega online retailers, particularly as a growing number of big box stores opted to stay closed the day after Thanksgiving. Private sector data reported record-breaking sales throughout the weekend, which seemed like a sign of consumer resilience amid high inflation.
But federal data paints a much different picture.
Nonstore retailers saw sales fall 0.9 percent last month, even as they still saw sales rise 7.7 percent over the past year.'
https://thehill.com/policy/finance/3776600-heres-where-consumers-spent-less-money-in-november-as-retail-sales-sank/
Paul Popinjay
Dec 15, 2022, 5:06:03 PM12/15/22
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You must be mistaken. What? Do you think we're in a recession or something? Ask BillB, the economy is booming. Nothing to worry about.
BillB
Dec 15, 2022, 5:29:38 PM12/15/22
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On Thursday, December 15, 2022 at 2:06:03 PM UTC-8, paulpo...@sbcglobal.net wrote:
> You must be mistaken. What? Do you think we're in a recession or something? Ask BillB, the economy is booming. Nothing to worry about.
It can be difficult for a layperson to appreciate the frightening magnitude of a .6% drop (only a few weeks after a 1.3% gain). A picture is worth 1000 words:
> You must be mistaken. What? Do you think we're in a recession or something? Ask BillB, the economy is booming. Nothing to worry about.
https://fred.stlouisfed.org/series/RSXFS.
If you get out a magnifying glass, or preferably a microscope if you have one handy, you can see the apocalyptic "SINKING" in the last millimeter of the graph on the right. I have said time and again that the Fed is trying to create a mild recession, and it now appears their evil experiments have spiralled out of control worse than those at Dr. Fauci's bioweapons lab (Wuhan Division).
https://youtu.be/BXqPNlng6uI?t=53
Paul Popinjay
Dec 15, 2022, 6:14:51 PM12/15/22
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On Thursday, December 15, 2022 at 2:29:38 PM UTC-8, BillB wrote:
> It can be difficult for a layperson to appreciate the frightening magnitude of a .6% drop (only a few weeks after a 1.3% gain). A picture is worth 1000 words:
>
Shopping malls are empty all over the place. It's a week before Christmas, moron.
> It can be difficult for a layperson to appreciate the frightening magnitude of a .6% drop (only a few weeks after a 1.3% gain). A picture is worth 1000 words:
>
BillB
Dec 15, 2022, 6:27:52 PM12/15/22
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Paul Popinjay
Dec 15, 2022, 8:06:32 PM12/15/22
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On Thursday, December 15, 2022 at 3:27:52 PM UTC-8, BillB wrote:
> Shopping malls?? They still have those?
Barely.
> Shopping malls?? They still have those?
Paul Popinjay
Dec 15, 2022, 8:09:56 PM12/15/22
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BillB
Dec 15, 2022, 8:20:24 PM12/15/22
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VegasJerry
Dec 15, 2022, 8:26:33 PM12/15/22
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On Thursday, December 15, 2022 at 2:29:38 PM UTC-8, BillB wrote:
> On Thursday, December 15, 2022 at 2:06:03 PM UTC-8, paulpo...@sbcglobal.net wrote:
> > You must be mistaken. What? Do you think we're in a recession or something? Ask BillB, the economy is booming. Nothing to worry about.
> It can be difficult for a layperson to appreciate the frightening magnitude of a .6% drop (only a few weeks after a 1.3% gain).
.
> > You must be mistaken. What? Do you think we're in a recession or something? Ask BillB, the economy is booming. Nothing to worry about.
> It can be difficult for a layperson to appreciate the frightening magnitude of a .6% drop (only a few weeks after a 1.3% gain).
.
Especially when all they have is misinformation from FOX.
.
.
BillB
Dec 15, 2022, 9:01:37 PM12/15/22
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On Thursday, December 15, 2022 at 5:26:33 PM UTC-8, VegasJerry wrote:
> On Thursday, December 15, 2022 at 2:29:38 PM UTC-8, BillB wrote:
> > On Thursday, December 15, 2022 at 2:06:03 PM UTC-8, paulpo...@sbcglobal.net wrote:
> > > You must be mistaken. What? Do you think we're in a recession or something? Ask BillB, the economy is booming. Nothing to worry about.
> > It can be difficult for a layperson to appreciate the frightening magnitude of a .6% drop (only a few weeks after a 1.3% gain).
> .
> .
>
> Especially when all they have is misinformation from FOX.
Fox is definitely the worst of the worst, but most of the news outlets are trying to prop up this phony economic Armageddon storyline. I guess it makes them money. Personally, I can't believe how resilient the US economy has been to massive economic shocks like Covid and the war in Ukraine. I think it's a minor miracle. Harris really knows what she's doing. You never even see her anymore she's working so hard.
> On Thursday, December 15, 2022 at 2:29:38 PM UTC-8, BillB wrote:
> > On Thursday, December 15, 2022 at 2:06:03 PM UTC-8, paulpo...@sbcglobal.net wrote:
> > > You must be mistaken. What? Do you think we're in a recession or something? Ask BillB, the economy is booming. Nothing to worry about.
> > It can be difficult for a layperson to appreciate the frightening magnitude of a .6% drop (only a few weeks after a 1.3% gain).
> .
> .
>
> Especially when all they have is misinformation from FOX.
Paul Popinjay
Dec 15, 2022, 9:20:13 PM12/15/22
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On Thursday, December 15, 2022 at 5:20:24 PM UTC-8, BillB wrote:
> Isn't that the one JB was walking around in with his buddy,
I don't know. You tell me.
> Isn't that the one JB was walking around in with his buddy,
We have malls in Fresno too, business is not there. I see it with my own eyes. Actually, I don't see it with my own eyes.
Paul Popinjay
Dec 15, 2022, 9:22:51 PM12/15/22
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On Thursday, December 15, 2022 at 5:26:33 PM UTC-8, VegasJerry wrote:
>
>
> Especially when all they have is misinformation from FOX.
> .
Oh go kill a cat, you piece of shit. So sick of your Fox narrative. So sick of you.
> .
Paul Popinjay
Dec 15, 2022, 9:24:58 PM12/15/22
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On Thursday, December 15, 2022 at 6:01:37 PM UTC-8, BillB wrote:
> Harris really knows what she's doing. You never even see her anymore she's working so hard.
>
You're working so hard. Troll.
> Harris really knows what she's doing. You never even see her anymore she's working so hard.
>
Paul Popinjay
Dec 15, 2022, 10:51:56 PM12/15/22
to
On Thursday, December 15, 2022 at 5:26:33 PM UTC-8, VegasJerry wrote:
>
>
> Especially when all they have is misinformation from FOX.
>
Look who's talking, cat murderer. You're still pushing the fake vax, when it has been proven that FDA, politicians, Pfizer, etc., lied their asses off about the effectiveness of the phony vax that doesn't do anything they said it did, and they made BILLIONS and BILLIONS of dollars pushing this lie. And this shit's going to come out, too, when President DeSantis pushes criminal indictments again lying pharma companies and assholes like Dr. Fuckface. Your middle name is 'misinformation'.
>
risky biz
Dec 16, 2022, 4:03:21 AM12/16/22
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On Thursday, December 15, 2022 at 2:29:38 PM UTC-8, BillB wrote:
> On Thursday, December 15, 2022 at 2:06:03 PM UTC-8, paulpo...@sbcglobal.net wrote:
> > You must be mistaken. What? Do you think we're in a recession or something? Ask BillB, the economy is booming. Nothing to worry about.
~ It can be difficult for a layperson to appreciate the frightening magnitude of a .6% drop (only a few weeks after a 1.3% gain).
> > You must be mistaken. What? Do you think we're in a recession or something? Ask BillB, the economy is booming. Nothing to worry about.
Are you too frightened to mention:
'fell 2.6 percent in November and are down 3.2 percent on the year'
'sales drop 2.6 percent in November and are up just 0.5 percent on the year. Including auto parts stores, the sector lost 2.3 percent in sales from October'?
On the other hand, who wouldn't consider Blabbermouth-in-Vancouver's economic analysis more reliable than economists at consulting firm EY-Parthenon, an economic analyst at Morning Consult, and a senior industry analyst at Bankrate? Did THEY predict 3.5% 'inflation'? No, only RGP's in-house expert on everything.
LOL.
BillB
Dec 16, 2022, 4:32:31 AM12/16/22
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On Friday, December 16, 2022 at 1:03:21 AM UTC-8, risky biz wrote:
> On Thursday, December 15, 2022 at 2:29:38 PM UTC-8, BillB wrote:
> > On Thursday, December 15, 2022 at 2:06:03 PM UTC-8, paulpo...@sbcglobal.net wrote:
> > > You must be mistaken. What? Do you think we're in a recession or something? Ask BillB, the economy is booming. Nothing to worry about.
> ~ It can be difficult for a layperson to appreciate the frightening magnitude of a .6% drop (only a few weeks after a 1.3% gain).
>
>
> Are you too frightened to mention:
>
> 'fell 2.6 percent in November and are down 3.2 percent on the year'
>
> 'sales drop 2.6 percent in November and are up just 0.5 percent on the year. Including auto parts stores, the sector lost 2.3 percent in sales from October'?
That's included in the .6%. Anything that dropped higher than that .6% was offset by something else. That's how math works. Again, refer to the visual aid I provided to put it all in perspective for you
> On Thursday, December 15, 2022 at 2:29:38 PM UTC-8, BillB wrote:
> > On Thursday, December 15, 2022 at 2:06:03 PM UTC-8, paulpo...@sbcglobal.net wrote:
> > > You must be mistaken. What? Do you think we're in a recession or something? Ask BillB, the economy is booming. Nothing to worry about.
> ~ It can be difficult for a layperson to appreciate the frightening magnitude of a .6% drop (only a few weeks after a 1.3% gain).
>
>
> Are you too frightened to mention:
>
> 'fell 2.6 percent in November and are down 3.2 percent on the year'
>
> 'sales drop 2.6 percent in November and are up just 0.5 percent on the year. Including auto parts stores, the sector lost 2.3 percent in sales from October'?
> On the other hand, who wouldn't consider Blabbermouth-in-Vancouver's economic analysis more reliable than economists at consulting firm EY-Parthenon, an >economic analyst at Morning Consult, and a senior industry analyst at Bankrate? Did THEY predict 3.5% 'inflation'? No, only RGP's in-house expert on everything.
Tim Norfolk
Dec 16, 2022, 2:16:58 PM12/16/22
to
For a guy who makes his living on the percentages, that is an odd call.
VegasJerry
Dec 16, 2022, 2:24:14 PM12/16/22
to
On Thursday, December 15, 2022 at 6:01:37 PM UTC-8, BillB wrote:
> On Thursday, December 15, 2022 at 5:26:33 PM UTC-8, VegasJerry wrote:
> > On Thursday, December 15, 2022 at 2:29:38 PM UTC-8, BillB wrote:
> > > On Thursday, December 15, 2022 at 2:06:03 PM UTC-8, paulpo...@sbcglobal.net wrote:
> > > > You must be mistaken. What? Do you think we're in a recession or something? Ask BillB, the economy is booming. Nothing to worry about.
> > > It can be difficult for a layperson to appreciate the frightening magnitude of a .6% drop (only a few weeks after a 1.3% gain).
> > .
> > .
> >
> > Especially when all they have is misinformation from FOX.
.
> Fox is definitely the worst of the worst, but most of the news outlets are trying to prop up this
> phony economic Armageddon storyline.
.
> On Thursday, December 15, 2022 at 5:26:33 PM UTC-8, VegasJerry wrote:
> > On Thursday, December 15, 2022 at 2:29:38 PM UTC-8, BillB wrote:
> > > On Thursday, December 15, 2022 at 2:06:03 PM UTC-8, paulpo...@sbcglobal.net wrote:
> > > > You must be mistaken. What? Do you think we're in a recession or something? Ask BillB, the economy is booming. Nothing to worry about.
> > > It can be difficult for a layperson to appreciate the frightening magnitude of a .6% drop (only a few weeks after a 1.3% gain).
> > .
> > .
> >
> > Especially when all they have is misinformation from FOX.
.
> Fox is definitely the worst of the worst, but most of the news outlets are trying to prop up this
> phony economic Armageddon storyline.
Yea, and they’re having trouble because the FED keeps upping the interest rates to handle all the spending.
So they divert to, “But Hillary!” or “But Biden’s kid!” etc..
.
> I guess it makes them money.
.
> I guess it makes them money.
It’s all Man bites dog. I worked for a newspaper. You have to catch the read, either with headlines or
in the case of TV, a visual. “Stay tuned!” “Film at eleven!” Then toss in a couple of teasers. “Right after
the break, Trump reveals something!” The FOX wingnuts fall for it every time.
.
> Personally, I can't believe how resilient the US economy has been to massive economic shocks like
> Covid and the war in Ukraine. I think it's a minor miracle. Harris really knows what she's doing. You
> never even see her anymore she's working so hard.
.
> Personally, I can't believe how resilient the US economy has been to massive economic shocks like
> Covid and the war in Ukraine. I think it's a minor miracle. Harris really knows what she's doing. You
> never even see her anymore she's working so hard.
She was a prosecutor in California. She’s good.
VegasJerry
Dec 16, 2022, 2:25:34 PM12/16/22
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Fresno was a slum when I shopped there and it's only got worse.
VegasJerry
Dec 16, 2022, 2:30:09 PM12/16/22
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On Thursday, December 15, 2022 at 6:22:51 PM UTC-8, paulpo...@sbcglobal.net wrote:
> On Thursday, December 15, 2022 at 5:26:33 PM UTC-8, VegasJerry wrote:
>
> >
> > Especially when all they have is misinformation from FOX.
> > .
> Oh go kill a cat, you piece of shit.
.
> On Thursday, December 15, 2022 at 5:26:33 PM UTC-8, VegasJerry wrote:
>
> >
> > Especially when all they have is misinformation from FOX.
> > .
> Oh go kill a cat, you piece of shit.
Why? You gonna have a cat sandwich? Or your next pair of shoes? Or Belt?
No, you need cows slaughtered for all that. I keep asking you about that.
You keep dodging….
.
.
> So sick of your Fox narrative.
.
> So sick of your Fox narrative.
It’s not my narrative, it’s theirs. You wingnuts keep Cutting & Pasting it, and we keep
showing you how you’ve been taken.
.
> So sick of you.
.
Showing you how you’ve been lied to?
VegasJerry
Dec 16, 2022, 2:35:47 PM12/16/22
to
On Thursday, December 15, 2022 at 7:51:56 PM UTC-8, paulpo...@sbcglobal.net wrote:
> On Thursday, December 15, 2022 at 5:26:33 PM UTC-8, VegasJerry wrote:
>
> >
> > Especially when all they have is misinformation from FOX.
> >
> Look who's talking, cat murderer.
.
> On Thursday, December 15, 2022 at 5:26:33 PM UTC-8, VegasJerry wrote:
>
> >
> > Especially when all they have is misinformation from FOX.
> >
> Look who's talking, cat murderer.
Look who's talking, cow murderer.
.
> You're still pushing the fake vax,
.
> You're still pushing the fake vax,
Show where I’ve been doing that. (See what I mean about your misinformation?)
.
> when it has been proven that FDA, politicians, Pfizer, etc., lied their asses off about
> the effectiveness of the phony vax that doesn't do anything they said it did, and they
> made BILLIONS and BILLIONS of dollars pushing this lie.
Then you should have no trouble showing that. (See, again, what I mean about your
FOX misinformation?)
.
> And this shit's going to come out, too, when President DeSantis pushes criminal indictments
> again lying pharma companies and assholes like Dr. Fuckface. Your middle name is 'misinformation'.
.
> And this shit's going to come out, too, when President DeSantis pushes criminal indictments
> again lying pharma companies and assholes like Dr. Fuckface. Your middle name is 'misinformation'.
We’ll see after you, “Have trouble showing us.”
(Heh, “See idiot Run & Hide”).
Paul Popinjay
Dec 16, 2022, 3:30:31 PM12/16/22
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On Friday, December 16, 2022 at 11:16:58 AM UTC-8, Tim Norfolk wrote:
> And yet, a huge percentage (certainly over 80%) of those currently hospitalized or dying from COVID is from the unvaccinated population.
>
CNN horse shit.
> And yet, a huge percentage (certainly over 80%) of those currently hospitalized or dying from COVID is from the unvaccinated population.
>
Tim Norfolk
Dec 16, 2022, 4:02:53 PM12/16/22
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Paul Popinjay
Dec 16, 2022, 4:24:31 PM12/16/22
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On Friday, December 16, 2022 at 1:02:53 PM UTC-8, Tim Norfolk wrote:
> No, actual data.
No, actual bullshit. Pfizer lies, the CDC lies, the FDA lies, the major media lies, Dr.Fuckface lies. If that never sinks, you'll just be stupid the rest of your life.
> No, actual data.
No, actual bullshit. Pfizer lies, the CDC lies, the FDA lies, the major media lies, Dr.Fuckface lies. If that never sinks, you'll just be stupid the rest of your life.
risky biz
Dec 16, 2022, 4:27:48 PM12/16/22
to
On Friday, December 16, 2022 at 1:32:31 AM UTC-8, BillB wrote:
> On Friday, December 16, 2022 at 1:03:21 AM UTC-8, risky biz wrote:
> > On Thursday, December 15, 2022 at 2:29:38 PM UTC-8, BillB wrote:
> > > On Thursday, December 15, 2022 at 2:06:03 PM UTC-8, paulpo...@sbcglobal.net wrote:
> > > > You must be mistaken. What? Do you think we're in a recession or something? Ask BillB, the economy is booming. Nothing to worry about.
> > ~ It can be difficult for a layperson to appreciate the frightening magnitude of a .6% drop (only a few weeks after a 1.3% gain).
> >
> >
> > Are you too frightened to mention:
> >
> > 'fell 2.6 percent in November and are down 3.2 percent on the year'
> >
> > 'sales drop 2.6 percent in November and are up just 0.5 percent on the year. Including auto parts stores, the sector lost 2.3 percent in sales from October'?
~ That's included in the .6%. Anything that dropped higher than that .6% was offset by something else. That's how math works.
> On Friday, December 16, 2022 at 1:03:21 AM UTC-8, risky biz wrote:
> > On Thursday, December 15, 2022 at 2:29:38 PM UTC-8, BillB wrote:
> > > On Thursday, December 15, 2022 at 2:06:03 PM UTC-8, paulpo...@sbcglobal.net wrote:
> > > > You must be mistaken. What? Do you think we're in a recession or something? Ask BillB, the economy is booming. Nothing to worry about.
> > ~ It can be difficult for a layperson to appreciate the frightening magnitude of a .6% drop (only a few weeks after a 1.3% gain).
> >
> >
> > Are you too frightened to mention:
> >
> > 'fell 2.6 percent in November and are down 3.2 percent on the year'
> >
> > 'sales drop 2.6 percent in November and are up just 0.5 percent on the year. Including auto parts stores, the sector lost 2.3 percent in sales from October'?
Hogwash. In other words, anything that contradicts the factoid you chose doesn't count. LOL. What a fake. Blabbermouth- president of the 'Save the corporate Democrats club'. LOL.
~ Again, refer to the visual aid I provided to put it all in perspective for you
Why don't YOU refer to your visual aid, dumb shit? Those are estimates.
> > On the other hand, who wouldn't consider Blabbermouth-in-Vancouver's economic analysis more reliable than economists at consulting firm EY-Parthenon, an >economic analyst at Morning Consult, and a senior industry analyst at Bankrate? Did THEY predict 3.5% 'inflation'? No, only RGP's in-house expert on everything.
Sure they did. Because that would make you look less stupid?
~ It was the Fed's forecast I was parroting that day
After all these months of calling it a prediction, you are now calling it parroting? LOL. The new Blabbermouth >> 🦜.
~ (I personally thought it would be 5% by the end of fiscal 2021 and it came in at 5.4%).
You have repeated that lie incessantly and I have exposed it as a lie repeatedly.
~ Of course, many unforeseeable exacerbating factors occurred after that.
There's never any shortage of excuses for your stupidity, is there?
~ No worries, it was all transitory. The US is already back down to 2.4% annualized over the last five months' data.
Oh, so you now have enough liar's guts to go back to the 'transitory' thing you shut up about for many months? You're a real visionary when you look backward. LOL. You don't have enough brains or knowledge to realize it can change direction again.
~ Enjoy yourself. The world is not coming to an end as you and Paul predicted. You could have saved a lot of stress just listening to my reassurances. Don't bet against America. In the long run you will go broke.
Don't let the fact that I never proposed anything coming to an end have any restraint on your lying.
BTW- you can't be exposed as utterly stupid and uninformed and then credibly call that 'reassurance'.
Obviously, every attempt to educate you has failed. Personality disorders like yours are not susceptible to reason.
BillB
Dec 16, 2022, 5:46:06 PM12/16/22
to
On Friday, December 16, 2022 at 1:27:48 PM UTC-8, risky biz wrote:
> On Friday, December 16, 2022 at 1:32:31 AM UTC-8, BillB wrote:
> > On Friday, December 16, 2022 at 1:03:21 AM UTC-8, risky biz wrote:
> > > On Thursday, December 15, 2022 at 2:29:38 PM UTC-8, BillB wrote:
> > > > On Thursday, December 15, 2022 at 2:06:03 PM UTC-8, paulpo...@sbcglobal.net wrote:
> > > > > You must be mistaken. What? Do you think we're in a recession or something? Ask BillB, the economy is booming. Nothing to worry about.
> > > ~ It can be difficult for a layperson to appreciate the frightening magnitude of a .6% drop (only a few weeks after a 1.3% gain).
> > >
> > >
> > > Are you too frightened to mention:
> > >
> > > 'fell 2.6 percent in November and are down 3.2 percent on the year'
> > >
> > > 'sales drop 2.6 percent in November and are up just 0.5 percent on the year. Including auto parts stores, the sector lost 2.3 percent in sales from October'?
> ~ That's included in the .6%. Anything that dropped higher than that .6% was offset by something else. That's how math works.
>
>
> Hogwash. In other words, anything that contradicts the factoid you chose doesn't count. LOL. What a fake. Blabbermouth- president of the 'Save the corporate >Democrats club'. LOL.
It's not "hogwash," and I have no idea what it has to do with "corporate Democrats." It's math. It should be obvious to anyone with an IQ over 70 that if retail sales dropped .6% over a certain period, that doesn't mean they dropped exactly .6% across the board in every retail category. It's an average. That means some categories went down more than .6% and some went down less .6% and/or went up. You are failing grade three math again. Your article simply highlighted the categories that dropped the most, and it makes perfect sense that vehicle sales would be one of them since they are a big ticket item often bought on credit, and consumer interest rates have increased substantially. That is important information if you happen to have a financial interest in that sector, but the bottom line is that the drop in retail overall averaged out to .6%.
> On Friday, December 16, 2022 at 1:32:31 AM UTC-8, BillB wrote:
> > On Friday, December 16, 2022 at 1:03:21 AM UTC-8, risky biz wrote:
> > > On Thursday, December 15, 2022 at 2:29:38 PM UTC-8, BillB wrote:
> > > > On Thursday, December 15, 2022 at 2:06:03 PM UTC-8, paulpo...@sbcglobal.net wrote:
> > > > > You must be mistaken. What? Do you think we're in a recession or something? Ask BillB, the economy is booming. Nothing to worry about.
> > > ~ It can be difficult for a layperson to appreciate the frightening magnitude of a .6% drop (only a few weeks after a 1.3% gain).
> > >
> > >
> > > Are you too frightened to mention:
> > >
> > > 'fell 2.6 percent in November and are down 3.2 percent on the year'
> > >
> > > 'sales drop 2.6 percent in November and are up just 0.5 percent on the year. Including auto parts stores, the sector lost 2.3 percent in sales from October'?
> ~ That's included in the .6%. Anything that dropped higher than that .6% was offset by something else. That's how math works.
>
>
> Hogwash. In other words, anything that contradicts the factoid you chose doesn't count. LOL. What a fake. Blabbermouth- president of the 'Save the corporate >Democrats club'. LOL.
> ~ Again, refer to the visual aid I provided to put it all in perspective for you
>
>
> Why don't YOU refer to your visual aid, dumb shit? Those are estimates.
> > > On the other hand, who wouldn't consider Blabbermouth-in-Vancouver's economic analysis more reliable than economists at consulting firm EY-Parthenon, an >economic analyst at Morning Consult, and a senior industry analyst at Bankrate? Did THEY predict 3.5% 'inflation'? No, only RGP's in-house expert on everything.
> ~ I'm sure they all forecasted something very similar at that time.
>
> Sure they did. Because that would make you look less stupid?
> ~ It was the Fed's forecast I was parroting that day
>
> After all these months of calling it a prediction, you are now calling it parroting? LOL. The new Blabbermouth >> 🦜.
> ~ (I personally thought it would be 5% by the end of fiscal 2021 and it came in at 5.4%).
>
> You have repeated that lie incessantly and I have exposed it as a lie repeatedly.
> ~ Of course, many unforeseeable exacerbating factors occurred after that.
>
> There's never any shortage of excuses for your stupidity, is there?
> ~ No worries, it was all transitory. The US is already back down to 2.4% annualized over the last five months' data.
>
> Oh, so you now have enough liar's guts to go back to the 'transitory' thing you shut up about for many months?
>You're a real visionary when you look backward. LOL. You don't have enough brains or knowledge to realize it can change direction again.
> ~ Enjoy yourself. The world is not coming to an end as you and Paul predicted. You could have saved a lot of stress just listening to my reassurances. Don't bet against America. In the long run you will go broke.
>
>
> Don't let the fact that I never proposed anything coming to an end have any restraint on your lying.
> BTW- you can't be exposed as utterly stupid and uninformed and then credibly call that 'reassurance'.
> Obviously, every attempt to educate you has failed. Personality disorders like yours are not susceptible to reason.
VegasJerry
Dec 16, 2022, 7:05:18 PM12/16/22
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> No, actual data.
.
You forget, you're dealing with people that have entered a political conversation armed only with
the misinformation they got from FOX.
VegasJerry
Dec 16, 2022, 7:07:11 PM12/16/22
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See how embarrassed you are? You got into a political discussion armed only with the misinformation
you got from FOX. Now must find out you were lied to and run and hide in embarrassment.
BillB
Dec 16, 2022, 11:03:34 PM12/16/22
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risky biz
Dec 16, 2022, 11:28:22 PM12/16/22
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~ On Friday, December 16, 2022 at 2:46:06 PM UTC-8, BillB wrote:
<TL/DNR>
<TL/DNR>
BillB
Dec 16, 2022, 11:44:19 PM12/16/22
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On Friday, December 16, 2022 at 8:28:22 PM UTC-8, risky biz wrote:
> ~ On Friday, December 16, 2022 at 2:46:06 PM UTC-8, BillB wrote:
>
> <TL/DNR>
^^ just can't stop lying.
> ~ On Friday, December 16, 2022 at 2:46:06 PM UTC-8, BillB wrote:
>
> <TL/DNR>
risky biz
Dec 17, 2022, 2:07:51 PM12/17/22
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da pickle
Dec 18, 2022, 10:26:29 AM12/18/22
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risky biz
Dec 18, 2022, 1:31:28 PM12/18/22
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On Thursday, December 15, 2022 at 12:04:22 PM UTC-8, risky biz wrote:
> 'Here’s where consumers spent less money in November as retail sales sank
>
> Retailers and restaurants saw sales fall 0.6 percent between October and November, according to the new data, marring what is normally a strong month for the sector and a crucial source of strength for the U.S. economy.
>
> November’s decrease followed a strong 1.3 percent gain in retail sales in October, so it’s possible some holiday shopping typically slated for last month happened even earlier. But steep drops in sales across several major categories could be a sign that U.S. consumers are finally reaching their breaking points with inflation.
>
> “US households are feeling increasingly uneasy about having to drain their savings and using their credit cards to make up for the lost spending power and cover their purchases,” wrote Gregory Daco and Lydia Boussour, economists at consulting firm EY-Parthenon, in a Thursday analysis.'
>
> “Households are increasingly relying on their savings to sustain their spending, and many families are resorting to credit to offset the burden of high prices. These trends are unsustainable,” Daco and Boussour wrote.'
>
> 'Sales at furniture stores fell 2.6 percent in November and are down 3.2 percent on the year. That trend may keep up well into next year with high inflation weighing on household budgets and steep decline in home sales sapping some of the need for new furniture.'
>
> “However, household budgetary concerns are also likely playing a role as the continuing gap between inflation and income growth puts a strain on consumer purchasing power.”
>
> 'Auto dealers saw sales drop 2.6 percent in November and are up just 0.5 percent on the year. Including auto parts stores, the sector lost 2.3 percent in sales from October. Experts said the drop was expected after previous data showed a drop in automobile purchases.'
>
> 'Electronics and appliance stores are another early pandemic winner who has fared much worse in 2022. The rush to purchase new TVs, computers, video game consoles and other lockdown staples has faded, all while rising prices for food and — until recently — gasoline ate away from disposable income.
>
> “Big-ticket purchases look especially shaky,” said Ted Rossman, senior industry analyst at Bankrate.'
>
> 'Black Friday seemed like easy money for mega online retailers, particularly as a growing number of big box stores opted to stay closed the day after Thanksgiving. Private sector data reported record-breaking sales throughout the weekend, which seemed like a sign of consumer resilience amid high inflation.
>
> But federal data paints a much different picture.
>
> Nonstore retailers saw sales fall 0.9 percent last month, even as they still saw sales rise 7.7 percent over the past year.'
> https://thehill.com/policy/finance/3776600-heres-where-consumers-spent-less-money-in-november-as-retail-sales-sank/
Just for the uninformed- the day after Thanksgiving is the day of the year when retail typically gets into the black on the years operations. That's why it's called Black Friday. And it's why the mediocre showing this year is very bad news and is exactly why Blabbermouth is trying to put lipstick on the pig (the corporate/political class wing of the Democratic Party.
> 'Here’s where consumers spent less money in November as retail sales sank
>
> Retailers and restaurants saw sales fall 0.6 percent between October and November, according to the new data, marring what is normally a strong month for the sector and a crucial source of strength for the U.S. economy.
>
> November’s decrease followed a strong 1.3 percent gain in retail sales in October, so it’s possible some holiday shopping typically slated for last month happened even earlier. But steep drops in sales across several major categories could be a sign that U.S. consumers are finally reaching their breaking points with inflation.
>
> “US households are feeling increasingly uneasy about having to drain their savings and using their credit cards to make up for the lost spending power and cover their purchases,” wrote Gregory Daco and Lydia Boussour, economists at consulting firm EY-Parthenon, in a Thursday analysis.'
>
> “Households are increasingly relying on their savings to sustain their spending, and many families are resorting to credit to offset the burden of high prices. These trends are unsustainable,” Daco and Boussour wrote.'
>
> 'Sales at furniture stores fell 2.6 percent in November and are down 3.2 percent on the year. That trend may keep up well into next year with high inflation weighing on household budgets and steep decline in home sales sapping some of the need for new furniture.'
>
> “However, household budgetary concerns are also likely playing a role as the continuing gap between inflation and income growth puts a strain on consumer purchasing power.”
>
> 'Auto dealers saw sales drop 2.6 percent in November and are up just 0.5 percent on the year. Including auto parts stores, the sector lost 2.3 percent in sales from October. Experts said the drop was expected after previous data showed a drop in automobile purchases.'
>
> 'Electronics and appliance stores are another early pandemic winner who has fared much worse in 2022. The rush to purchase new TVs, computers, video game consoles and other lockdown staples has faded, all while rising prices for food and — until recently — gasoline ate away from disposable income.
>
> “Big-ticket purchases look especially shaky,” said Ted Rossman, senior industry analyst at Bankrate.'
>
> 'Black Friday seemed like easy money for mega online retailers, particularly as a growing number of big box stores opted to stay closed the day after Thanksgiving. Private sector data reported record-breaking sales throughout the weekend, which seemed like a sign of consumer resilience amid high inflation.
>
> But federal data paints a much different picture.
>
> Nonstore retailers saw sales fall 0.9 percent last month, even as they still saw sales rise 7.7 percent over the past year.'
> https://thehill.com/policy/finance/3776600-heres-where-consumers-spent-less-money-in-november-as-retail-sales-sank/
Just for the uninformed- the day after Thanksgiving is the day of the year when retail typically gets into the black on the years operations. That's why it's called Black Friday. And it's why the mediocre showing this year is very bad news and is exactly why Blabbermouth is trying to put lipstick on the pig (the corporate/political class wing of the Democratic Party.
BillB
Dec 18, 2022, 3:28:15 PM12/18/22
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On Sunday, December 18, 2022 at 10:31:28 AM UTC-8, risky biz wrote:
> Just for the uninformed- the day after Thanksgiving is the day of the year when retail typically gets into the black on the years operations. That's why it's called Black Friday. And it's why the mediocre showing this year is very bad news and is exactly why Blabbermouth is trying to put lipstick on the pig (the corporate/political class wing of the Democratic Party.
To a riskytard, "Lipstick on a pig" = economic data LOLOL
> Just for the uninformed- the day after Thanksgiving is the day of the year when retail typically gets into the black on the years operations. That's why it's called Black Friday. And it's why the mediocre showing this year is very bad news and is exactly why Blabbermouth is trying to put lipstick on the pig (the corporate/political class wing of the Democratic Party.
https://fred.stlouisfed.org/series/RSXFS
risky biz
Dec 18, 2022, 6:32:38 PM12/18/22
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On Sunday, December 18, 2022 at 12:28:15 PM UTC-8, BillB wrote:
> On Sunday, December 18, 2022 at 10:31:28 AM UTC-8, risky biz wrote:
>
> > Just for the uninformed- the day after Thanksgiving is the day of the year when retail typically gets into the black on the years operations. That's why it's called Black Friday. And it's why the mediocre showing this year is very bad news and is exactly why Blabbermouth is trying to put lipstick on the pig (the corporate/political class wing of the Democratic Party.
~ To a riskytard, "Lipstick on a pig" = economic data LOLOL
> On Sunday, December 18, 2022 at 10:31:28 AM UTC-8, risky biz wrote:
>
> > Just for the uninformed- the day after Thanksgiving is the day of the year when retail typically gets into the black on the years operations. That's why it's called Black Friday. And it's why the mediocre showing this year is very bad news and is exactly why Blabbermouth is trying to put lipstick on the pig (the corporate/political class wing of the Democratic Party.
>
> https://fred.stlouisfed.org/series/RSXFS
It is lipstick on a pig when your vaunted economic data lacks relevance because it is a picture of the past. As I mentioned previously- you don't have a basic understanding of your enthusiastically proffered evidence.
BillB
Dec 18, 2022, 6:34:36 PM12/18/22
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risky biz
Dec 18, 2022, 6:40:24 PM12/18/22
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On Sunday, December 18, 2022 at 3:34:36 PM UTC-8, BillB wrote:
> On Sunday, December 18, 2022 at 3:32:38 PM UTC-8, risky biz wrote:
> > On Sunday, December 18, 2022 at 12:28:15 PM UTC-8, BillB wrote:
> > > On Sunday, December 18, 2022 at 10:31:28 AM UTC-8, risky biz wrote:
> > >
> >
> > > > Just for the uninformed- the day after Thanksgiving is the day of the year when retail typically gets into the black on the years operations. That's why it's called Black Friday. And it's why the mediocre showing this year is very bad news and is exactly why Blabbermouth is trying to put lipstick on the pig (the corporate/political class wing of the Democratic Party.
> > ~ To a riskytard, "Lipstick on a pig" = economic data LOLOL
> > >
> > > https://fred.stlouisfed.org/series/RSXFS
> >
> >
> >
> > It is lipstick on a pig when your vaunted economic data lacks relevance because it is a picture of the past. As I mentioned previously- you don't have a basic understanding of your enthusiastically proffered evidence.
~ "Here’s where consumers spent less money in November as retail sales sank" Your post was about the past you fucking moron.
> On Sunday, December 18, 2022 at 3:32:38 PM UTC-8, risky biz wrote:
> > On Sunday, December 18, 2022 at 12:28:15 PM UTC-8, BillB wrote:
> > > On Sunday, December 18, 2022 at 10:31:28 AM UTC-8, risky biz wrote:
> > >
> >
> > > > Just for the uninformed- the day after Thanksgiving is the day of the year when retail typically gets into the black on the years operations. That's why it's called Black Friday. And it's why the mediocre showing this year is very bad news and is exactly why Blabbermouth is trying to put lipstick on the pig (the corporate/political class wing of the Democratic Party.
> > ~ To a riskytard, "Lipstick on a pig" = economic data LOLOL
> > >
> > > https://fred.stlouisfed.org/series/RSXFS
> >
> >
> >
> > It is lipstick on a pig when your vaunted economic data lacks relevance because it is a picture of the past. As I mentioned previously- you don't have a basic understanding of your enthusiastically proffered evidence.
Yes. Two weeks ago numbskull.
Unbelievable stupidity. And unquestionably the beginning of yet another of Blabbermouth's weeks-long troll stupidity extravaganzas.
BillB
Dec 18, 2022, 7:07:10 PM12/18/22
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risky biz
Dec 19, 2022, 2:56:59 AM12/19/22
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What a dope. Seriously- do you think any readers of what you're blabbing think you know WTF you're talking about?
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