Thursday, February 12, 2009

Retail Sales Up

Bloomberg.com: Economy: "Feb. 12 (Bloomberg) -- Sales at U.S. retailers unexpectedly halted a six-month slide in January, an advance that may not be sustained after the number of Americans collecting jobless benefits reached the highest on record.

The 1 percent gain in purchases reflected higher gasoline prices and more spending on clothing and food, the Commerce Department said today in Washington. Excluding cars, the gain was 0.9 percent. The Labor Department reported that 4.8 million people are now collecting unemployment insurance..."

All I had to do was buy a Sony XBR6 and the entire economy begins to rebound. Just think what would happen if I actually traded my truck in.

2 comments:

billy pilgrim said...

what would the figure be if cars were included?

Bob Harrison said...

It would be astounding!