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Retail Sales Slow As Shopping Season Heats Up

Tyler Durden's picture




 

Submitted by Lance Roberts of STA Wealth Management,

 

 

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Wed, 10/16/2013 - 08:15 | 4059794 Harry Dong
Harry Dong's picture

Raise min wage to 20/hr and ppl may start shopping at jcp again.

Wed, 10/16/2013 - 08:18 | 4059800 Headbanger
Headbanger's picture

Just get rid of Obozocare so ppl can get full time jobs again.

Wed, 10/16/2013 - 08:23 | 4059810 Jumbotron
Jumbotron's picture

"Just get rid of Obozocare so ppl can get full time jobs again."

While I agree with getting rid of Obozocare in principle......look at the chart again.  Peak Retails Sales and Peak Income happened between 1998 and 2001 with declines of both starting in that time period.  The Clinton and Bush era.

Obozocare will just accelerate the inevitable decline and fall of the American workforce, type of work, and consumer culture.

Which actually may not be a bad thing after all.

Wed, 10/16/2013 - 08:29 | 4059821 therevolutionwas
therevolutionwas's picture

Yes.  Must get rid of consumer society and replace with productive society.

Wed, 10/16/2013 - 08:58 | 4059891 garcam123
garcam123's picture

Boy am I getting sick of hearing so-called educated people braying about all of their 'under-the-bed-monster" nightmares about how bad "Obamacare" is.

Well, sniveling dolts, the health care bill was written by lobbyists and healthcare insiders and is a huge giveaway to the paying constituents of the political parties.

 

What the hell are you crying about?  Obama just signed the damn thing and I'll bet not ONE of them read it or even reviewed it.  Isn't that just what you dominant crazy turds want?

I saw screw you hostage taking nitwits. They used to tar and feather the like of you.  Too bad times have changed so much.

I too vow to do anything I can do to defeat the kind of ignorant, racist, bible thumpin stupidity you slugs represent and that picture of that Teahadist with the rebel flag and the USMC flag was most appropriately called "trailer trash" and boy does the description perfectly fit.  Just tune in to the Jerry Springer show Rethuglians and there is your base!

How fucking sad.....but this is Amerkia after all.

Americans are better than this and real patriots would support the continuation of our system of laws and governance and shun and outlaw these terrorists who would speak terrorism as patriotic.  Pieces of shit!   

Wed, 10/16/2013 - 09:09 | 4059924 Bobbyrib
Bobbyrib's picture

Is this an MDB sock puppet?

Wed, 10/16/2013 - 09:26 | 4059981 superflex
superflex's picture

I thought non-essential govt employees were furloughed.

I guess trolls are esential to this economy.

Wed, 10/16/2013 - 09:32 | 4059993 Bobbyrib
Bobbyrib's picture

I think most workers were recalled by now.

Wed, 10/16/2013 - 08:20 | 4059801 GetZeeGold
GetZeeGold's picture

 

 

Raise min wage to 20/hr

 

That would be great....if we still had 40 hour jobs. One hour at twenty bucks ain't gonna cut it!

Wed, 10/16/2013 - 08:57 | 4059890 Son of Loki
Son of Loki's picture

Retail is in panic mode. Halkloween pumpkins and witches are out ... nest to Thanksgiving Turkeys ... next to XMas trees and dingly dangly ornaments.

They've already thrown every thing out there hoping to beat the other stores for those few precious consumer dollars.

If they start showing Easter stuff this early, I'll get real worried!

Wed, 10/16/2013 - 08:20 | 4059803 Shizzmoney
Shizzmoney's picture

That would be what the doctor ordered (since 90% of us are in ad hoc or broke).

But then the corporations and the Fed would have to admit inflation.  That's the main reason why they don't raise the minwage.

Wed, 10/16/2013 - 08:31 | 4059823 Race Car Driver
Race Car Driver's picture

> Raise min wage to 20/hr and ppl may start shopping at jcp again.

You'd still have to work almost half a day just for a pair of cheap foreign-made pants.

Wed, 10/16/2013 - 08:42 | 4059836 Sudden Debt
Sudden Debt's picture

Nop, sorry, won't do a thing to unemployment.

The age of robots has arrived.

What we need is change of the system that takes into account that overproduction can be achieved with only 20% of the workforce.

As of it, that system already exists but profits only the 0,008% of the people.

We could live more comfortable with less work and higher pay to at least the 2000 levels.

One day it will happen but it first get pitchblack before the sun comes up.

A monstor war... a billion deaths... and the luck that the scale of power tips to the people's side.

The superrich want to feel more rich and when you already have everything, the only way to feel richer is when the rest is poorer.

 

I work for a company that wants it's profits to rise by 20% a year and we're getting there. The people don't really get raises. Sometimes a handout but not a real raise.

The only ones who profit are the owners. And in the process we work harder every year.

And from time to time... some moron comes up with a idea like to cut our pension plans and such. We still have our unions to thank for their political powers so this doesn't happen.

But why do we need savings when we keep on making profits year after year?  We're already a global leader. Our bosses are filthy rich already. Why doesn't the working guy get a break?

 

Wed, 10/16/2013 - 09:17 | 4059952 Bobbyrib
Bobbyrib's picture

I agree with part of your post, but not all of it. I think if US companies were to bring back production of goods to the US and actually hired Ameircan workers it would be a huge step in the right direction. Yes, the cost of everything would go up, but so would wages. There may be some suffering before it gets better and the middle class is able to get back on its feet, but it would be worth it to produce products here.

"I work for a company that wants it's profits to rise by 20% a year and we're getting there. The people don't really get raises. Sometimes a handout but not a real raise.

The only ones who profit are the owners. And in the process we work harder every year.

And from time to time... some moron comes up with a idea like to cut our pension plans and such. We still have our unions to thank for their political powers so this doesn't happen.

But why do we need savings when we keep on making profits year after year?  We're already a global leader. Our bosses are filthy rich already. Why doesn't the working guy get a break?"

_____________________________________________________________________________________________________________________________________________________________

The answer is because they can work you like a dog with no pay raises while cutting benefits if they wanted to. If you won't do the job for their price, they can go to the 25% of un/underemployed people in the US, the PIIGS in the EZ, Asia, etc. Your union will most likely only save you for a limited amount of time. What is needed is a cultural change.

Wed, 10/16/2013 - 09:24 | 4059977 Sudden Debt
Sudden Debt's picture

Yes, the cost of everything would go up, but so would wages.

Only the end of globalization would allow this to be possible and protectionisme all over the world. And that would cause wars.

Wed, 10/16/2013 - 09:28 | 4059983 Bobbyrib
Bobbyrib's picture

Agreed, but it is what is needed, IMHO. We can still trade with countries that will be fair in their trade standards, but production needs to come back to the countries where the corporation is based.

Wed, 10/16/2013 - 09:58 | 4060095 Sudden Debt
Sudden Debt's picture

HELL YEAH!

I WISH I COULD UP YOU 1000 TIMES!

And those who don't adopt our labor laws TAX'M UNTILL THE PRICE IS RIGHT SO COMPETITION IN OUR COUNTRIES CAN FOLLOW!

 

Wed, 10/16/2013 - 08:15 | 4059795 Winston Churchill
Winston Churchill's picture

Rockerfeller when asked the secret of his success replied;

"I always sold too early".

Wed, 10/16/2013 - 08:23 | 4059808 Running On Bing...
Running On Bingo Fuel's picture

It is true, let it be said.

I anticipate that FUTURE earnings will be quite delicious so I refuse to sell any stake that I have acquired in any publicly traded corporation because I know that the future will be brilliant.

Over.

Wed, 10/16/2013 - 08:24 | 4059811 wonderatitall
wonderatitall's picture

just blame bush and print

 

Wed, 10/16/2013 - 08:27 | 4059818 GetZeeGold
GetZeeGold's picture

 

 

Obama has just printed more than Bush......and every single President before him all they way back to Washington.

 

....and he's going for more.

Wed, 10/16/2013 - 08:25 | 4059814 nyquil762
nyquil762's picture

Retail sales will ultimately go to "ZERO".

Wed, 10/16/2013 - 08:25 | 4059815 Race Car Driver
Race Car Driver's picture

No Virginia, there isn't any Santa Claus - there's just Ben.

Wed, 10/16/2013 - 08:26 | 4059816 the not so migh...
the not so mighty maximiza's picture

goverment workers must go out there and max out all their credit cards, what are they terrorists?

Wed, 10/16/2013 - 08:32 | 4059825 firstdivision
firstdivision's picture

Hahahahaha!  Looks like we are in the same spot from 09-14 as from 04-09.  Look out below!  Better start firing up the layaway commercials and up the credit card offers.

Wed, 10/16/2013 - 08:38 | 4059839 overmedicatedun...
overmedicatedundersexed's picture

hmmm

"Obozocare will just accelerate the inevitable decline and fall of the American workforce, type of work, and consumer culture.

Which actually may not be a bad thing after all."

circus only works on full bellies-the sword of Allah is the hungry bellies of the poor..lincoln ahh oh I mean obuma will save the USSA over american dead - HSA ammo depots are full.

Wed, 10/16/2013 - 08:36 | 4059832 Atomizer
Atomizer's picture

Title modification: EBT Retail Sales Slow As Debt Ceiling Negotiation’s Stall.

/sarc

Wed, 10/16/2013 - 08:38 | 4059838 muleskinner
muleskinner's picture

When it comes to JCP, it is disposition time.

 

Wed, 10/16/2013 - 08:40 | 4059840 dobermangang
dobermangang's picture

The only things selling well are: guns, ammo, lotto scratch off tickets, Grand Theft Auto V and Duck Dynasty T-Shirts.

Wed, 10/16/2013 - 08:52 | 4059879 papaswamp
papaswamp's picture

At least some decent supplies of ammo are starting to show up. Did notice some serious price increases on the popular firearms....and bacon!

Wed, 10/16/2013 - 09:14 | 4059944 Running On Bing...
Running On Bingo Fuel's picture

Especially on long rifles, fuck me!

Yes you, Mark L. You can charge .gov those prices but for fucks sake, can't you offer a coupon or some such discount for the little people?

Over.

Wed, 10/16/2013 - 08:52 | 4059871 papaswamp
papaswamp's picture

Must be the weather....err I mean govt shutdown. Oh wait 2 things to blame now... CNBC/ MSNBC must be giddy with possibilities.

Wed, 10/16/2013 - 08:51 | 4059877 GeezerGeek
GeezerGeek's picture

I have a conceptual problem with the part that read "the weakening trend is retail consumption is the real culprit behind the sluggish economic growth". Said weakening trend may be indicative, but is it causative? Seems like a case of which came first, the productivity (as reflected in wages/salary) or the consumption. To test the author's statement, I urge Congress to immediately double the amount of money given monthly to Social Security recipients, SNAP, etc. (Disclaimer - I'd benefit from the SS increase.) Consumption would undoubtedly increase, but would the economy truly experience a net benefit? With relatively few consumer goods being produced in this country, the retail sector might benefit but would the production sector, the place where people create real things, benefit?

I'll be looking for that SS increase come January 1. (Gotta get what I can before the death panels kick in!) 

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