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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: TH who wrote (5077)4/27/2004 3:18:24 AM
From: Haim R. Branisteanu  Read Replies (12) of 116555
 
I find it interesting that no one on this tread analyzed the last Retail Sales report compared to the latest CPI report.

Retail Sales were reported +1.8 MoM
with Garden supplies and Fertilizers up over 10%

CPI was reported +0.5% MoM

This leaves us with an actual 1.29% or so growth in real retail sales including the various aberrations.

Removign the aberrations will result in a even lower retail sales increase.

My suspicion is that actual retail sales were even lower if they would be inflation adjusted and I think that this figure is the one that matters as an evidence of the health of the US economy.

Wonder how those inflation adjusted retail sales would compare to EZ were inflation is well below US inflation.

Any remarks are welcome.
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