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online.wsj.com - 12/26/2008

Retail Sales Plummet

— online.wsj.com — Robert Caplin/Rapport For The Wall Street Journal Crowds thronged New York City's tony Fifth Avenue shopping area... yesterday, but sales figures brought little good news for retailers from high-end to low. (more) Retail Sales Plummet

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reuters.com - 12/26/2008

Retailers' holiday sales plummet

— reuters.com — NEW YORK (Reuters) - Retailers' sales fell as much as 4 percent during the holiday season, as... the weak economy and bad weather created one of the worst holiday shopping climates in modern times, according to data released on Thursday by SpendingPulse. ... (more) Retailers' holiday sales plummet

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calculatedriskblog.com - 12/23/2008

New Home Sales in November

— calculatedriskblog.com — The Census Bureau reports , New Home Sales in November were at a seasonally adjusted annual rate... of 407 thousand. This is the lowest sales rate since 1982. Click on graph for larger image in new window. The first graph shows monthly new home ... (more) New Home Sales in November

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Socking away more in the bank leaves less for splurging at the mall
Angry Bear — ... gives us this quote: To be sure, there was a glimmer of positive economic news this week as well, as the Labor Department released figures showing inflation-adjusted consumer spending inched up slightly in November as gas prices fell steeply. The personal savings rate also climbed in November. Socking away more in the bank leaves less for splurging at the mall. Calculated Risk offered a chart to demonstrate this uptick, and a quick note on retail sales this month suggesting a sharp drop in spending to the tune of 4% ...