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To: Charles P. Hubbard who wrote (99059)5/2/2001 4:21:35 PM
From: yard_man  Read Replies (1) | Respond to of 436258
 
consumers have hit the wall --- all they can do now is roll-over existing debt. No more wild spending sprees!

(At least, I'm reasonably sure of that ...)

Gasoline up 10 cents here overnight to 169.9 -- don't know what that does to other working stiffs, but I know what it does to me ... I'm not buying any new outfits tomorrow.

Might even have to make do with the fishing tackle I have on hand <vbg>



To: Charles P. Hubbard who wrote (99059)5/2/2001 5:42:43 PM
From: yard_man  Read Replies (1) | Respond to of 436258
 
From the Fed

biz.yahoo.com

BOSTON: ... Retailers said sales in first quarter were flat to down from a year ago ... Retailers and manufacturers said they were not raising prices

NEW YORK: ... Most retailers reported sales were below expectations in March and recovered only moderately in the first two weeks of April. Retail prices were little changed ...

PHILADELPHIA: ... There were some signs that consumer spending strengthened ...

CLEVELAND: ... Retailers reported flat sales on average ... Consumer spending was mixed: computer and electronic retailers reported large declines in sales, while auto dealers said sales improved.

RICHMOND: ... Retail sales were somewhat lower in March but strengthened in recent weeks ...

ATLANTA: The pace of economic activity remained subdued. Retail sales were flat ...

You can pick out the rest. Fed and others are "hoping" for a recovery of retail ...