April Retail Sales
Retail Sales were rather unimpressive: Gasoline, Groceries, Food & Beverage were up, while pretty much everything else was flat to down.
If you want to get rid of the Easter factor, compare March/April 2007 with March/April 2008.
Perhaps some chart porn might be instructive:
click for larger charts
>
Retail Sales vs. March CPI
(sales versus inflation)
Retail Sales vs. Consumer Discretionary Sector
courtesy of Bespoke Group
>
Retail Sales Versus Past Recessions
courtesy of CEO Economic Update
Tuesday, May 13, 2008 | 11:59 AM | Permalink
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Here's some chart porn that I have asked, even begged for - an update to Shiller's home price chart. Here's a guy who had the balls to actually add his own forecast to it and if he is right, it bodes poorly for the consumer.
www.geocities.com/WallStreet/Exchange/9807/Charts/SP500/HousingForecast2025_0804.jpg
Posted by: Steve Barry | May 13, 2008 12:12:42 PM
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