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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: russwinter who wrote (71883)10/13/2006 12:07:36 PM
From: UncleBigs  Read Replies (1) of 110194
 
Americans spend roughly the same on gasoline as they do at restaurants ($35 billion per month).

Year on year, gasoline sales dropped $2.3 billion and restaurant sales increased by $2.8 billion.

Overall, total retail sales increased by $20.8 billion yoy.

Clearly total retail sales were goosed by higher consumer debt and home equity cashouts.

Is that sustainable? Hell no. When will it stop? I don't have a clue.
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