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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (31543)	6/6/2005 10:49:33 AM
From: Chispas	Read Replies (5) \| Respond to of 116555

Forbes on FOX Tells Us The "Great News" About America's Shrinking Middle Class: Let Them Eat DVD's and Tax Cuts! --- newshounds.us

To: Crimson Ghost who wrote (31543)	6/6/2005 10:49:45 AM
From: mishedlo	Respond to of 116555

U.K. same-store retail sales fall further in May Monday, June 6, 2005 1:46:23 PM afxpress.com LONDON (AFX) -- Retail sales in the U.K. fell 2.4% in May on a same-store basis, the British Retail Consortium said, citing consumer caution and the slowing housing market. Total sales rose 1.4% for the month. The three-month trend rate of growth fell in May to -1.5% from -0.9% in April. "While some analysts still claim that the continuing weakness in retail sales is only a 'blip', these figures should remove any lingering doubt that we are now in a consumer-led recession," Director General Kevin Hawkins said. The BRC urged the Bank Of England to cut interest rates at this week's meeting