calculatedriskblog.com - 1/14/2009
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The following graph shows the year-over-year change in nominal and real retail sales since 1993. Click on graph for larger image in new window. To calculate the real change, the monthly PCE price index from the BEA was used (December PCE prices was estimated as the same as November). ...
finance.yahoo.com - 1/14/2009
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finance.yahoo.com —
WASHINGTON (AP) -- Retail sales plunged far more
than expected in December, ending a dismal holiday season...
with a record sixth straight monthly decline, and there's no relief in sight as consumer demand remains weak. The Commerce Department reported ...
(more)
Retail sales plummet 2.7 percent in December - Yahoo! ...
econbrowser.com - 1/7/2009
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econbrowser.com —
On a seasonally adjusted basis, U.S. light vehicle
sales remained deeply depressed in December. But at least...
things don't seem to be any worse than they had been the previous month. U.S. light vehicle sales usually get a lift in December, and 2008 ...
(more)
December auto sales
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Wednesday links: too big to succeed
Abnormal Returns —
... what constitutes a blue chip stock these days? (WSJ.com)
The railroad stocks are looking sickly. (InVivoAnalytics.com)
A sign of a top in volatility? (Daily Options Report)
Research into idiosyncratic risk and fund performance. (SSRN.com)
Retail sales have fallen off the cliff. (Calculated Risk)
The federal budget deficit in ...
the death of retail sales
Decline and Fall of Western Civilization —
... is a disastrous collapse in the sales of those goods. and that's exactly what we got today -- accompanied, thanks to calculated risk, by a chart that should be on the front page of every financial journal in the world, so important is it to understanding that we have gone through the looking-glass into a global depression. ...
This is why exports from Asia are falling in a hole …
The visible hand in economics —
Calculated Risk illustrates growth in US retail sales over the past 15 odd years:
Source: Calculated Risk.
Now we know that exports from Japan are plummeting. We suspect exports from China are falling. This decline in spending in the world’s largest economy would be the reason why. Very interesting …
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