Friday, August 21, 2009


Oh, so now it's the out of work
average American's fault that
the recovery is not happening


Reluctant Shoppers Hold Back Recovery
BY ANN ZIMMERMAN AND SARA MURRAY


Major retailers reported that American consumers are continuing to hunker down, casting a cloud over the durability of the U.S. recovery and underscoring the importance of overseas demand in restoring the world economy to health.

Retailers across the spectrum provided foreboding reports. Discounter Target Corp. reported that sales at stores open at least a year were down 6.2% from a year earlier in the quarter ended Aug. 1, while luxury purveyor Saks Inc. reported a 15.5% drop in same-store sales over the past quarter as shoppers stuck to buying basics. Building-supply chain Home Depot Inc. saw total sales drop 9.1% ( don't read more it crap bs)

No comments:

Post a Comment

G Edward Griffin A Second Look at the Federal Reserve

The Crisis in a nutshell