Thread: SpendingPulse Retail Sales Drop 2% Recovery Has Stalled

Thursday, May 13, 2010

SpendingPulse Reports Retail Sales Drop 2 Percent; UCLA Ceridian Commerce Index Drops .3 Percent; Recovery Has Stalled

Inquiring minds are reading the April SpendingPulseâ„¢ Retail Sales Report provided by MasterCard Advisors. http://finance.yahoo.com/news/SpendingP ... l?x=0&.v=1

Kamalesh Rao, Director of Economic Research for MasterCard Advisors SpendingPulse, reported that following three months of steady, month-to-month growth averaging about 2%, total U.S. retail sales ex-auto stopped to catch its breath in April, falling by 2% since March on a seasonally adjusted basis. Taking out gasoline, the month-to-month number performed better, rising 0.3%, also on a seasonally adjusted basis, but not as strong as the 1.5% average of the previous quarter.

“Although there were pockets of strength, for example double digit growth in luxury sales and eCommerce, retail sales overall seemed to have lost some momentum in April. However, this is not untypical of a recovery, which will happen in fits and starts, rather than by taking a direct path,â€

You can't expect to recover from an economic collapse until you reverse the policies that caused it. To fix the economy, we have to:

1. stop illegal immigration
2. pass the FairTax
3. protect our trade
4. legalize/regulate/tax under 2 the illegal drug trade
5. drill baby drill

There is no alternative. There are no other options. That's it in a nutshell to bring home our industries, re-create the jobs we lost, ensure those jobs are given to US citizens and Legal Permanent Residents, balance our trade deficits, and recoup our money supply.

It's not complicated. It's very simple.

Make 2010 count, folks.