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Old 06-11-2010, 07:11 AM
 
Location: South Fla
9,644 posts, read 9,842,040 times
Reputation: 1942

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WASHINGTON (AP) -- Retail sales plunged in May by the largest amount in eight months as consumers slashed spending on everything from cars to clothing. The big drop raises new worries about the durability of the economic recovery.

Retail sales drop 1.2 percent in May - Yahoo! Finance (http://finance.yahoo.com/news/Retail-sales-drop-12-percent-apf-2718221856.html?x=0&.v=2 - broken link)

Not good
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Old 06-11-2010, 07:13 AM
 
6,734 posts, read 9,338,075 times
Reputation: 1857
Terrible news! My store was down. Pretty much everybody I talked to was down in Ap-May.
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Old 06-11-2010, 07:18 AM
 
Location: Tower of Heaven
4,023 posts, read 7,368,615 times
Reputation: 1450
Quote:
Originally Posted by Jadex View Post
WASHINGTON (AP) -- Retail sales plunged in May by the largest amount in eight months as consumers slashed spending on everything from cars to clothing. The big drop raises new worries about the durability of the economic recovery.

Retail sales drop 1.2 percent in May - Yahoo! Finance (http://finance.yahoo.com/news/Retail-sales-drop-12-percent-apf-2718221856.html?x=0&.v=2 - broken link)

Not good
Oh no
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Old 06-11-2010, 07:27 AM
 
Location: Here
11,578 posts, read 13,942,704 times
Reputation: 7009
Quote:
Originally Posted by Jadex View Post
WASHINGTON (AP) -- The big drop raises new worries about the durability of the economic recovery.
What economic recovery?
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Old 06-11-2010, 07:29 AM
 
Location: Tampa Florida
22,229 posts, read 17,847,737 times
Reputation: 4585
We are certainly not out of this yet, will take several years and millions of people.
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Old 06-11-2010, 07:41 AM
 
69,368 posts, read 64,081,664 times
Reputation: 9383
We kept telling liberals in April that the boost in sales was normal because it happens every year.. You guys never listen...
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Old 06-11-2010, 07:43 AM
 
Location: Land of debt and Corruption
7,545 posts, read 8,323,498 times
Reputation: 2888
I wonder if this is the start of the double dip. Not good news at all.
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Old 06-11-2010, 07:53 AM
 
69,368 posts, read 64,081,664 times
Reputation: 9383
Quote:
Originally Posted by whatyousay View Post
I wonder if this is the start of the double dip. Not good news at all.
Not a reason really to be concerned.. I believe may sales always drop just like April sales always increase..
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Old 06-11-2010, 07:55 AM
 
9,803 posts, read 16,182,471 times
Reputation: 8266
Where is poster LordBalfour to put a positive spin on this ?
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Old 06-11-2010, 07:58 AM
 
Location: Land of debt and Corruption
7,545 posts, read 8,323,498 times
Reputation: 2888
Quote:
Originally Posted by marmac View Post
Where is poster LordBalfour to put a positive spin on this ?
He stays away from negative economic news posts.
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