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Wednesday, December 26, 2012

ANOTHER week ANOTHER crap Redbook report
for week ending saturday (the 22nd) +2.4% year over year ... flat month over month
fun watching the spinners blow off early month weakness on 'consumers will jack it up final week'
FAIL

Richmond fed write up on retail ...
Retail sales dropped in December, dragging November's index down twenty-seven points to a reading of −13. The index for shopper traffic also dropped into negative territory, ending at −18, following November's 23. Furthermore, big-ticket sales withered, pulling that index down seventeen points to −31 this month. Retail inventories rose slightly, with the index at 6 following last month's reading of −1. Merchants expected a weak market in the first half of the new year. The index for expected product demand fell to −24 in December from −3.
Retail employment declined this month, with the index for the number of employees falling to −21 from the previous reading of −13. The index for average wages lost twelve points, settling at −4.

 More richmond fed on service sector -
Revenues were nearly flat at non-retail services firms. The index finished at a reading of 1, compared to last month's 4. Services providers trimmed their payrolls; the index for the number of employees dropped two points to −8 in December. Average wage growth remained constant, however, keeping the index at 7 for a second month.


Printing is pretty much all we have left folks.... and they can't even do that right.

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