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Reuters: retail sales, manufacturing data bolster third-quarter economic outlook
Posted on 8/15/18 at 12:03 pm
Posted on 8/15/18 at 12:03 pm
In Nancy Pelosi's words "armageddon"
but alas a suburban soccer mom (who used to vote gop) is still going to vote dem in november because trump said mean things.
LINK
but alas a suburban soccer mom (who used to vote gop) is still going to vote dem in november because trump said mean things.
quote:
WASHINGTON (Reuters) - U.S. retail sales rose more than expected in July as households boosted purchases of motor vehicles and clothing, suggesting the economy remained strong early in the third quarter.
Other data on Wednesday showed manufacturing output rising steadily last month and worker productivity growing at its fastest pace in more than three years in the second quarter, though a drop in labor costs pointed to moderate wage inflation.
“The economy appears to be very well-positioned to continue to grow,” said Jim Baird, chief investment officer at Plante Moran Financial Advisors in Kalamazoo, Michigan. “The persistently optimistic consumer sector is doing its part to keep the growth engine going, and retailers are benefiting.”
LINK
2
Posted on 8/15/18 at 12:08 pm to HailHailtoMichigan!
Want to see how much consumer debt has changed over this time. Hope people aren’t overspending.
Posted on 8/15/18 at 12:12 pm to TerryDawg03
quote:
Reuters: retail sales, manufacturing data bolster third-quarter economic outlook by TerryDawg03
Want to see how much consumer debt has changed over this time. Hope people aren’t overspending.
Lol. It's America, dawg.
We are a nation built on debt.
Posted on 8/15/18 at 12:19 pm to HailHailtoMichigan!
quote:
U.S. retail sales rose more than expected in July as households boosted purchases of motor vehicles and clothing, suggesting the economy remained strong early in the third quarter.
Coming from one of these sectors, I can tell you that Q4 2016 - present is night and day compared to any point in the 5-6 previous years.
Foot traffic is up 15-30% this year. Sales up 8-12% every month. No big changes from corporate, no big changes in product - people just have money burning a hole in their pocket and are looking to spend.
Posted on 8/15/18 at 12:20 pm to BamaCoaster
quote:
Lol. It's America, dawg. We are a nation built on debt.
This
Posted on 8/15/18 at 12:47 pm to BamaCoaster
quote:
Lol. It's America, dawg.
We are a nation built on debt.
Which is why I’m concerned. Consumer confidence is great. But left unchecked, I don’t want to end up where we were ten years ago.
Posted on 8/15/18 at 12:50 pm to TerryDawg03
quote:
But left unchecked, I don’t want to end up where we were ten years ago.
It’s too late baw. The debt chickens are coming home to roost eventually. But it could still be a long ways off. I thought I read something recently that savings had ticked up which is encouraging. Not sure about per capita debt though.
Posted on 8/15/18 at 1:11 pm to DallasTiger11
quote:
It’s too late baw. The debt chickens are coming home to roost eventually. But it could still be a long ways off. I thought I read something recently that savings had ticked up which is encouraging. Not sure about per capita debt though.
I happy to say at this point in my life, all i have is a mortgage and a credit card i pay off every month for points/rewards
Posted on 8/15/18 at 1:17 pm to BamaCoaster
quote:every nation is built in debt. China has public debt equal to 400% of gdp, almost all of it toxic, secured by worthless real estate developments and infrastructure that was not needed,built to keep people employed during the financial crisis. Japan has federal government debt 2x ours as percentage of gdp, etc,etc,etc
Lol. It's America, dawg.
We are a nation built on debt.
Posted on 8/15/18 at 1:22 pm to TerryDawg03
Take it while you can get cuz! Be not afraid.
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