Shocking! Retail Saies 'Unexpectedly Fall' For 3rd Month

[Kathianne]

Unexpectedly? I'd call it a trend:


Retail Purchases in U.S. Unexpectedly Decrease 0.5%
<cite class="byline"> By Alex Kowalski - Jul 16, 2012 10:52 AM CT </cite>


Retail sales (http://www.bloomberg.com/quote/RSTAMOM:IND) in the U.S. unexpectedly fell for a third month in June as limited employment gains took a toll on consumers.

The 0.5 percent drop followed a 0.2 percent decrease in May, Commerce Department figures showed today in Washington (http://topics.bloomberg.com/washington/). The decline exceeded the most pessimistic forecast (http://www.bloomberg.com/quote/RSTA:IND) in a Bloomberg News survey that called for a median 0.2 percent gain in sales. Other reports today showed manufacturing in the New York (http://topics.bloomberg.com/new-york/) region picked up this month and U.S. inventories increased in May...

[mundame]

It's certainly a trend.

I don't have a good feeling about this.

[Kathianne]

I guess I'm not alone in seeing 'a trend':

http://www.businessinsider.com/gary-shilling-collapse-in-retail-sales-signals-a-recession-2012-7


Wednesday, July 18, 2012 Gary Shilling: 25 Out Of The Last 27 Times Retail Sales Collapsed Like This We Were In A Recession (http://nalert.blogspot.com/2012/07/gary-shilling-25-out-of-last-27-times.html) The Business Insider (http://www.businessinsider.com/gary-shilling-collapse-in-retail-sales-signals-a-recession-2012-7) reports on what Gary Shilling said:"You look at retail sales there were negative for three consecutive months, April, May, June. That's happened only 27 times there were first reported in 1947 and in 25 of the 27 it was in a recession or within three months of a recession."

[fj1200]

I guess I'm not alone in seeing 'a trend':

http://www.businessinsider.com/gary-shilling-collapse-in-retail-sales-signals-a-recession-2012-7

Always bet the under, when Romney wins and taxes/regulations are cut/held in check start betting the over.

[grannyhawkins]

Summer fun is almost over, back to school and the upcomin holidays are on the minds of employed consumers. This really shows how the market is bein manipulated, as there is no basis for gold to be up and silver down, let alone oil goin back up, with the glut and less travel. Presidential election politics are behind the manipulation. I hope we all can weather this storm, but I don't like what I'm seein and I for one have abandoned the market.