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

To: russwinter who wrote (71883)	10/13/2006 12:07:36 PM
From: UncleBigs	Read Replies (1) \| Respond to 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.

To: russwinter who wrote (71883)	10/13/2006 12:26:23 PM
From: dpl	Respond to of 110194

chron.com

To: russwinter who wrote (71883)	10/13/2006 1:05:59 PM
From: Silver Super Bull	Read Replies (1) \| Respond to of 110194

RW, RE: "15% lower gasoline prices add about 0.5% to DPI. That's just not enough to explain a 8.3% restaurant increase. If that's what folks did, they simply don't have the income to even come close paying for for it, just based on gasoline savings." Yes, it may only add .5% to DPI but as you well know the average consumer has shown a disconnect with prudent personal finance for years now. The reason I say "just based on gasoline savings" is that I see no other fundamental factor that would justify an increased level of euphoria by consumers. SSB