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Retail sales in April point to slowing economy
Posted on 5/15/19 at 9:01 am
Posted on 5/15/19 at 9:01 am
Bad news on the economic front. The good first quarter could be an outlier as weak economic data resumes
LINK
Trump better get his trade deals done before 2020 because if the economy tanks he will have trouble with re election
quote:
S. retail sales declined last month, as Americans cut back their spending on clothes, appliances, and home and garden supplies. Sales dropped 0.2% in April, the Commerce Department said Wednesday, after a big 1.7% jump in March. Car sales dropped 1.1% last month and sales at electronics and appliance stores dropped 1.3%.
LINK
Trump better get his trade deals done before 2020 because if the economy tanks he will have trouble with re election
16
Posted on 5/15/19 at 9:03 am to deltaland
quote:
deltaland
Posted on 5/15/19 at 9:03 am to deltaland
Got him now!
Posted on 5/15/19 at 9:04 am to LSUfanNkaty
I swear $%#@ like this was posted all throughout the 1st quarter...
Should we post the positive data or just cherry pick your one "fact"...should we delve into cyclical economic cycles...should we wait to see what happens in May and June?
Should we post the positive data or just cherry pick your one "fact"...should we delve into cyclical economic cycles...should we wait to see what happens in May and June?
This post was edited on 5/15/19 at 9:05 am
Posted on 5/15/19 at 9:04 am to deltaland
industrial production was even worse
i was waiting for the data releases today to do the quarterly GDP thread, because I've been thinking the projections so far have been too low, and thought indus production would have been decent. i still think Q2 won't be as bad as they're saying, but anything like last year's Q2 is starting to look implausible
i was waiting for the data releases today to do the quarterly GDP thread, because I've been thinking the projections so far have been too low, and thought indus production would have been decent. i still think Q2 won't be as bad as they're saying, but anything like last year's Q2 is starting to look implausible
This post was edited on 5/15/19 at 9:06 am
Posted on 5/15/19 at 9:05 am to MisslePig
quote:
Should we post the positive data or just cherry pick
no we should talk about all the important releases as they come
quote:
should we wait to see what happens in May and June
not to talk about April data
This post was edited on 5/15/19 at 9:06 am
Posted on 5/15/19 at 9:06 am to 90proofprofessional
quote:
i was waiting for the data releases today to do the quarterly GDP thread
Didn't you get Q1 absolutely, unequivocally wrong? You're the FED NOW forecast guy right? Do you even understand the inherent flaws in it?
Posted on 5/15/19 at 9:07 am to MisslePig
quote:
Should we post the positive data or just cherry pick your one "fact"
Some of you are unbelievable
This is very important data. Y’all need to learn to take criticism.
Posted on 5/15/19 at 9:07 am to MisslePig
quote:
Do you even understand the inherent flaws in it?
do i understand the "flaws" in a forecast process? keenly.
Posted on 5/15/19 at 9:07 am to 90proofprofessional
It's sad you want to see the country fail
Posted on 5/15/19 at 9:11 am to deltaland
Remember all the wailing and gnashing of teeth because of the reduced tax refunds?
I suspect that is part of the reason for this.
I suspect that is part of the reason for this.
Posted on 5/15/19 at 9:12 am to deltaland
quote:
Bad news on the economic front.
It's bad, bad, bad I tell you. If we only had hillary as our leader... it would have been utopia...
Posted on 5/15/19 at 9:12 am to deltaland
People were probably too busy starting their new job to go out and buy a new TV. Probably wanted to wait til they have a couple paychecks under their belt.
This post was edited on 5/15/19 at 9:16 am
Posted on 5/15/19 at 9:26 am to deltaland
A weakening economy is exactly what Dems and most of the GOP are hoping for -- and let's not forget China and Iran -- both of them will be very happy to return to "business as usual" once Trump is gone.
It's remarkable and amazing to me to observe just how much most of the world hates Trump when all he has done is keep his campaign promises and remain steadfast in fighting for the USA's best interests and the best interests of the US Middle Class. Just goes to show how DOOMED both of those are once Trump is gotten rid of.
I've always liked "gallows humor"!
It's remarkable and amazing to me to observe just how much most of the world hates Trump when all he has done is keep his campaign promises and remain steadfast in fighting for the USA's best interests and the best interests of the US Middle Class. Just goes to show how DOOMED both of those are once Trump is gotten rid of.
I've always liked "gallows humor"!
This post was edited on 5/15/19 at 9:28 am
Posted on 5/15/19 at 9:33 am to deltaland
quote:
Bad news on the economic front.
Well I own a retail business.
And business is BOOMING. I had a great Christmas and my January was up 44% over last January. January is usually a slow month and we worked our asses off. At this rate (if it holds) I will beat last year in September or October. And December is my biggest month by far.
I am not tired of winning (or making money). Thank you Donald J Trump.
Posted on 5/15/19 at 10:12 am to alphaandomega
quote:
Well I own a retail business.
And business is BOOMING
I work for a large retailer that gets a large cross section of American consumers.
We had a terrible start to Q1, but closed with a very strong April finish. May is not looking so hot.
Honestly, every year I see consumers who have more and more of their paychecks eaten up by technology costs. Disposable income goes towards tech, either through hardware purchases or, more frequently, more data on their phone bill, phone upgrade surcharges, adding a new streaming service, adding a new music subscription, etc. People are buying a lot more services and a lot less stuff.
I'm already trying to forecast how far down sales will lag next year during the campaign, with a resulting bump/dip after Election Day.
Posted on 5/15/19 at 10:15 am to deltaland
quote:
Retail sales in April point to slowing economy
I blocked my wife's access to Amazon.com.
Things will pick up in May.
Posted on 5/15/19 at 10:17 am to Zach
quote:
do i understand the "flaws" in a forecast process? keenly.
No, more specifically, do you understand the inherent flaws in the FED NOW forecast...it is lambasted on many levels and is used AT BEST as a supplementary tool.
Posted on 5/15/19 at 10:19 am to deltaland
IN PEACH FOTY-FIVE!
Posted on 5/15/19 at 10:20 am to MisslePig
quote:GDP now gets more accurate as the amount of data increases throughout the quarter, and by the end of the quarter it is actually extremely accurate when considering the complexities of what it’s forecasting. It’s average error is within +/- about 0.1% points.
No, more specifically, do you understand the inherent flaws in the FED NOW forecast...it is lambasted on many levels and is used AT BEST as a supplementary tool.
I don’t think there is a more accurate forecasting model available, but that doesn’t mean we should pretend it’s perfect either.
This post was edited on 5/15/19 at 10:27 am
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