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Not surprised about the retail sales and, don't disagree that the CfC deal had some effect. This retail thing,
a huge part of GDP, is not coming back next week or, next month, or maybe even next Qtr.
Other than groceries, some school stuff for the kiddoes, and a few other normal replacement things, what the
hell "new" does someone need right now? A Slightly Saving/Scared Population, as opposed to the "buy it on CCs
and worry about it later" mode, is impacting retail sales, but the econ can't have it both ways, currently.
Last edited by motordavid; 08-13-2009 at 08:27 PM.
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