More Good News For Bush/America

[Luke T.]

Retail sales take big leap in March (http://moneycentral.msn.com/content/invest/extra/P80764.asp?GT1=3256)

The Commerce Department said retail sales rose an unexpectedly sharp 1.8% in March to a seasonally adjusted $333.01 billion, the biggest gain since March 2003. Excluding cars and trucks, sales gained 1.7%, that category's best performance since March 2000.

Wall Street analysts had expected both figures to advance a smaller 0.6%.

Economists closely track retail sales, which make up about 36% of overall consumer spending, the driver of two-thirds of U.S. economic activity.

Time to crank up production?

[subgenius]

In China?

[Graham]

Originally posted by Luke T.

The Commerce Department said retail sales rose an unexpectedly sharp 1.8% in March to a seasonally adjusted $333.01 billion, the biggest gain since March 2003. Excluding cars and trucks, sales gained 1.7%, that category's best performance since March 2000.




Doesn't that seem to suggest that retails sales tend to rise significantly in March?

Graham

[Graham]

Also, I seem to recall reading somewhere that a late Easter always has a significant effect on March sales.

Graham

[subgenius]

Hey, we'll take any good news we can find, even if it takes a microscope.

[Tricky]

Originally posted by Graham
Also, I seem to recall reading somewhere that a late Easter always has a significant effect on March sales.

Not to mention that the tax refunds are going out about that time.

[Luke T.]

Originally posted by Graham


Doesn't that seem to suggest that retails sales tend to rise significantly in March?

Graham

What do you suppose the phrase "seasonally adjusted" means?

[Luke T.]

Originally posted by Tricky

Not to mention that the tax refunds are going out about that time.

Just wait until May!

[subgenius]

Re: the good news
Is it OK to say "Yahoo!" or is that copyrighted?

[Graham]

Originally posted by Luke T.


What do you suppose the phrase "seasonally adjusted" means?

In the light of your quote? That maybe they need to adjust their method of adjustment.

:p

[Charlie Monoxide]

Why are the markets tanking today? Is it some big contrarian conspiracy that hates "good news"?

Charlie (DJIA -116.18 -%1.10 @ 2pm) Monoxide

[Luke T.]

Originally posted by Charlie Monoxide
Why are the markets tanking today? Is it some big contrarian conspiracy that hates "good news"?

Charlie (DJIA -116.18 -%1.10 @ 2pm) Monoxide

The figures show the economy's solid recovery for jobs and spending continued into the first quarter of the year and may lead some economists to increase their growth forecasts -- and raises the likelihood of an interest-rate increase sooner rather than later.

[Michael Redman]

Originally posted by subgenius
In China? Well played, sub.

[Grammatron]

Originally posted by Charlie Monoxide
Why are the markets tanking today? Is it some big contrarian conspiracy that hates "good news"?

Charlie (DJIA -116.18 -%1.10 @ 2pm) Monoxide

This should explain it.

http://money.cnn.com/2004/04/13/markets/markets_newyork/index.htm

[Luke T.]

Originally posted by subgenius
In China?

Yes. We don't manyoofachur anything here in the USA, 'cepting burgers.

[subgenius]

Originally posted by Luke T.


Yes. We don't manyoofachur anything here in the USA, 'cepting burgers.
I just bought some "Fabulous Blaster PB Penetrating Catalyst Original nut and bolt buster since 1957" made in Cleveland Ohio."
$3.99.....I've done my part.

[Luke T.]

Originally posted by subgenius

I just bought some "Fabulous Blaster PB Penetrating Catalyst Original nut and bolt buster since 1957" made in Cleveland Ohio."
$3.99.....I've done my part.

I took a homeless guy to lunch. But it wasn't burgers, it was Subway. Guess that counts...