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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: UncleBigs who wrote (71857)10/13/2006 9:59:56 AM
From: Paul Kern  Read Replies (2) | Respond to of 110194
 
There is also the difference between sales and profits. If they discount everything to make the sales figure, how much do the margins and profits drop?



To: UncleBigs who wrote (71857)10/13/2006 10:04:11 AM
From: Walkbarr  Read Replies (1) | Respond to of 110194
 
So who is lying...



To: UncleBigs who wrote (71857)10/13/2006 10:31:35 AM
From: CalculatedRisk  Read Replies (4) | Respond to of 110194
 
The report was pulled down by the drop in gasoline prices.

The news was better for the National Retail Federation that excludes automobiles, gas stations and restaurants (what you focus on):
nrf.com

"As gas prices dipped last month, consumers had more disposable income to spend on other items, especially back-to-school necessities like clothing and sporting goods," said NRF Chief Economist Rosalind Wells.

From MarketWatch:
marketwatch.com{F149ECEF-3089-408F-8C4E-5C23B8ED1EDE}
"Sales were particularly perky at the malls in September. Clothing store sales jumped 3%, the biggest gain in a year. Sales at general merchandise stores rose 1.1%, while department store sales rose 1%."

However it appears real retail sales declined from Q2 to Q3. Combine that with falling Residential Investment and a rising trade deficit ... and GDP was probably weak in Q3.