From: Adam <""4thwormcastfromthemolehill\"{at}the field.near
the bridge">

Gary Britt wrote:
>
> You know if Adam and Phil keep predicting the Sun will set, eventually
> they will be right.  Not for because of any special insight or
> understanding on their part, quite the contrary, it will be merely by
> coincidence.  Given we all know that business cycles and economies move
> in cycles like the proverbial broken watch they will eventually have to
> be "right", but apparently NOT THIS YEAR, AGAIN.
>
> LOL,
>

Chuckle. Ah reaching at driftwood again Gary.

"I'm floating....pay no attention to the circling fins".

So people are reaching for their credit cards again. Doesn't change the
fundamentals brought about by globalization & the growth of China &
India though.

Exactly what is going to be cheaper to produce in the US than in the PRC or
India? Capital is now mobile & global.

i.e. all these US people...were they buying US made goods or Chinese ones?
The PRC is already starting to wonder how many US bonds it can keep on
buying (which is why it's diversifying into buying US companies esp
investment companies).

But hey. shop away...on mostly foreign goods coz it will make you feel good
for a while

Don't bother saving coz that's for losers...flash the plastic &
tomorrow will ever come.


Adam
> Gary
>
> http://www.breitbart.com/article.php?id=D8PO3KI81&show_article=1
>
> WASHINGTON (AP) - Consumers brushed off rising gasoline prices and
> slumping home sales to storm the malls in May, pushing retail sales up
> by the largest amount in 16 months.
>
> The Commerce Department reported that retail sales surged by 1.4 percent
> last month, compared to April, double the increase that analysts had
> been expecting. Retail sales had fallen by 0.1 percent in April.
>
> The May strength was widespread with auto dealers, department stores,
> specialty clothing stores and hardware stores enjoying an especially
> good month.
>
> Sales would have been strong even without last month's big jump in
> gasoline prices, which saw prices top $3.20 per gallon. Excluding sales
> at gasoline stations, overall retail sales would still have been up 1.2
> percent.
>
> Meanwhile, the Federal Reserve reported Wednesday that the economy
> headed into the summer with strong momentum, bolstered by consumer
> spending and a rebound in manufacturing.
>
> The new Fed survey will serve as the basis for discussion when the Fed
> next meets to consider interest rates. With the economy showing signs of
> rebounding, most analysts believe the Fed will leave rates unchanged at
> the June 27-28 meeting and possibly for the rest of the year.

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