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No Unharsh Weather Rebound: Retail Sales Miss Across The Board
Having been revised up to a 1.5% growth for March (the most since March 2010), retail sales crumbled across the board in April as the promise of un-harsh weather rebounds evaporated into the reality of a one-off pent-up demand pop. All sub-series of retail sales missed expectations with Ex-Auto/Gas actually dropping 0.1%. The broad weakness was led by furniture (-0.6%) and electronics stores (-2.3%).
The broadest measure of retail sales missed...
and ex-autos/gas saw a drop of 0.1% and its 2nd biggest miss in over a year...
The breakdown: after sliding 1.6% in March, electronics and appliances stores tumbled -2.3% in April. Adding insult to housing contraction injury, furniture and home furnishings stores saw a -0.6% drop in April also, while miscellaneous store sales tumbled by 2.3%.
As for the retail sales control group, yup: that is a negative print from March.
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All's well bitchez! Rally on!
Has the rumor aboit more QE started yet?
Bullish. At least until it pukes.
WTF do they expect when NOBODY IS FUCKING WORKING NOW!
Sheesh
Well, it did rain a few days in April, sooo.....
It got pretty chilly out here the other morning. And Antarctica was cold.
wait a fucking minute... March was revised upwards when it was supposed to be negatively impacted by the weather ... thats where the whole fucking propaganda meme comes from, so if it was OK and now its weak, the whole fucking thing not only falls apart, but oh neverthefuckmindanymorethisissoooooooooofuckedup
if mrstompyfeet is happy, you're happy, peasant
None of this shit matters. Fraud Street is rigged.
Ok, folks, let me spell it out for you:
The stories are just stories. They are to amuse and entertain, or perhaps give some feeling of stability in your lives. There is no connection between the subject and the object. They just look good together:
You can mix and match them to your hearts content, and they still sound good:
So, really guys, appreciate the narrative for what it is. It's a lovely bit of poetry, and you should all appreciate it in that context. Or to put it more directly:
This is entertainment, I seriously hope to god no one is using any of this to form their worldview.
"Summer of Recovery...."
That would be Recovery Summer, 2.0, 3.0, 4.0, 5.0... now 6.0.
If she were to reverse course and double QE, would the market have it's greatest one day rise in history? The robots and soulless assholes who trade stocks would fucking freak out and not even worry about the eventual ramifications. Would be a sad sight to behold.
Weather was too nice everyone went to the beach or took out student loans.
I was out planting my Fed low inflation target mission accomplished garden.
Dude, that was like two months ago.
Listening to talk radio on the way to work this morning and hearng about the new highs set yesterday by the markets and how we have a big week of economic news coming in including these numbers and how wonderful everything is economically...makes me want to fucking vomit!!!!
No matter how much they try to brainwash us, it won't work.
There are four lights!
http://youtu.be/o_eSwq1ewsU
Don't let me stop ya, barf away.
Yep- sometimes you feel a lot better after a good barf- just like taking a dump.
Lemme guess, all on FoxNews Radio outlets- the 1 minute blurbs they have between all the commercials at the top and 'bottom' of every hour?.
No different than any of the rest so why would you mention just them?
Yup. And usually followed with a "If you see something, say something" PSA from the Gestapo.
More QE! More QE! More QE! More QE! More QE! More QE! More QE! More QE! More QE! More QE! More QE! More QE!
No. It says QE is a complete fucking stupid idea and a failure.
So now it's time for the banksters to quietly leave for the Hamptons and say thanks for all the cash you muppets!
See this one? Cash is king again:
http://www.cnbc.com/id/101667194
The partay is over!
time for the retarded "economists" to start their slashing of Q2 GDP estimates.
Nope, we'll just launder the QE through economic powerhouse, Belgium.
http://www.paulcraigroberts.org/2014/05/12/fed-great-deceiver-paul-craig...
Excerpt: "From November 2013 through January 2014 Belgium with a GDP of $480 billion purchased $141.2 billion of US Treasury bonds. Somehow Belgium came up with enough money to allocate during a 3-month period 29 percent of its annual GDP to the purchase of US Treasury bonds."
The punchline of this a few paragraphs below in that article, is friggin' hillarious!
No, the cancer has arrived.
Headbanger-Look how they ruined that nice paper, by putting ink on it!! Now it's damn near worthless!!!!
More QE X 24.
maybe the fear of April tornado outbreaks pulled demand backward into March...
That's right. It was too fucking sunny outside for people to buy more made in China crap.
Thats funny..I bought a whole lot of shit in April
"The broad weakness was led by furniture (-0.6%) and electronics stores (-2.3%)."
It was me. Found a great sofa combo on craigslist that was unused as the guy suddenly, tragically died at 54.
Paid less than 1/3rd of the price for new.
1/3 is great.
Did he die ON the couch?
In it.
Should get ripe with all this warm weather.
No detectable odors as yet.
It was covered while he was painting the room.
The carry trade, was it precious?
Coming Soon!
Summer heat wave keeps consumers at home.
See, you're much better at writing headlines and have career potential.
My headline: Oligarchic cleptocracy continues to suck life out of consumer economy.
That would be nice. 45 degrees here right now.
Summer heat wave, followed by Summer tornados, followed by Fall Hurricanes, followed by Winter Snow, Ice, Sleet, Cold,.... oh the Huge Manatee!
The weather was unseasonably MILD, dammit!! Don't you guys understand the subtle nuance of backward-forecasting?!? FUCK!!
here ya go bitchez
Crumbling retail sales? theres an app for that.
Those revisions are pretty funny... Slap some lipstick on the pig and hope no one notices how ugly it really is.
Hey!
Sarah Palin is a hot momma!
No he meant the other swine Hillary
"The broad weakness was led by furniture (-0.6%) and electronics stores (-2.3%)."
If you can't afford a house you don't need furniture or flatscreen teevees. It's best to buy an iPoop for your cardboard box.
It's hard to find a good, large cardboard box when nobody is buying anything.
That's an excellent point. Being broke and homeless in Obamaville sucks even more day by day.
this economy is in RIG-ORMORTIS!
I love zero hedge more than anyone here but I can't stand the sensational 'crash!' headlines that then show a manipulated data chart with noise on it. WTF.
I'm sorry, I missed the sensational crash headline. Could you point it out to me please?
The Sky is Falling, The Sky is Falling!
Ah there it is. Thank's knuckles.
Extenuating "circum"stances drive New Normal activity
http://www.myfoxdc.com/story/25492636/rapper-who-cut-off-his-own-penis-s...
XO
K
Lol.... I saw that. What a tool....pardon my bad pun.
Everyone knows by now that the sky is growing, climate change.
Ok, this one was just 'across the board' with an implied exclamation point but draw a line through the noise. And, it's not even real data. It's faked noise anyway.
How about an article on how these mother fuckers use the price of gas as a throttle on the economy to keep us barely hanging on so that they can keep printing money and collect all the interest on the "debt".
It's all smoke and mirrors. You can't find the truth in manipulated statistics.
Because as soon as you start talking motive, you go from reporting to the theoretical fringe.
Blame that on the kidnapped Nigerian girls. Everyone is too depressed to shop and busy holding up "# bring our girls back " signs. Even Michelle Obama stop sohpping.
Bring back our girls so we can drone the shit out of them.
As long as they're brown, that'll work.
Equal opportunity program
Iran cloned our drone Bro. Wedding parties all along the East coast are under high alert !!!
Exactly. Killing third world children is the sole prerogative of the emperor.
Retail sales down, yes...BUT: dreaming about sales and purchases UP!
Dreaming about sales = Future Sales = Savior = Bullish.
Definitely bullish for the trannies, somebody has to ship all those nothin' muffins...
Back to the prior housing loan standards again.
Fog a mirror and you get a home loan.
But..but..but..it's To the Moon Tuesday! Bullish!
The miss was actually weather related. I'm pretty sure it rained in various parts of the country, thereby forcing people to put off purchases for fear of getting it wet.
Bad is good, good is great.
Bubbles can go on for a while, building new bubbles.
More proof the Obama destruction plan is working as planned!
Why would anybody down-vote that?
Wasn't me, but red team/blue team out of favor at ZH, and rightly so.
red or blue doesn't matter yes but the man pulling the trigger does....a whole lot of people may have wanted to do this, but he is. don't let him get away with murder because 'they all do it'.
Because they voted for him and have yet to feel the destructive force of his evil!!
Probably the "Poofter in Chief" and his pet Wookie their own selves downvoted that
Funny stuff. This must not reflect the 10% food and gasoline inflation... And how can this happen in a month that has a lot of income tax returns - unless those refunds turned into payments to the IRS.
The Wall Street boys haven't figured out that all these price increases are affecting nain street.
They using their reference as in nice salaries and huge bonuses.
I see it when going to the grocery store out to eat. Taxes and fees have also gone up.
Retail sales were revised UP sharply to 1.5% in March.. Chain Store sales are running 3.9% ABOVE last year...
Clothing Sales jumped 1.2% this month... I don't understand how this millenial generation that you see these bleeding heart articles articles about can afford to own the latest Iphone, designer clothes, eat out every night, gym memberships... sure they are just following these NBA & NFL athletes in their spending habits
To go with that "improving weather trend" that is Summer, this just in on the cover of Yahoo finance.
Was actually surprised that Yahoo didn't wait till the closing bell to show this one off!
http://finance.yahoo.com/blogs/daily-ticker/jim-rogers--i-m-buying-chine...
the birds keep chirpen and no one can get sleep, everyone is too tired to shop.
More double plus less=more gooder news surely will send stawks higher!
Bullish?
love the initial reaction. the first move is always a head fake.
"The broad weakness was led by furniture (-0.6%) and electronics stores (-2.3%)."
Isn't that whaat most people spend theeir EIC anticipated refund loan checks on?
Oh crap! Was I supposed to be shopping the past few months? I'm sorry, I didn't get the memo.
This quarter I'll make up for it, no really, I will. Promise.
The game worked again because they brought the dollar back from the dead but, will not last!
... #SummerOfRecovery .... that oughtta fix it up.
......So, are you sayin buy retailers?
The Bundesbank just gave the ECB the green light for QE and lower interest rates.
I'm Mr. G and i approve this message
Peeps burned through their tax refunds faster than expected....
Looking at the data on FRED for 1st quarter 2014, not seasonal adjusted, the Retail Gas consumption in gallons has dropped but the total dollar laid out by consumers has risen.... demand destruction is a bitch!
Well, 800,000 + did drop off the worker rolls last month...
Taxes and HC costs going up, cost of food and energy going up, money to waste on ("items of flimsy manufacture", Ben Franklin) going down...
Is there a rocket scientist in the house? It's not rocket science but TPTB can't figure this one out.
Hey, if you fekkers would spend more time shopping than posting comments here at ZH, the economy would recover.
When the SHTF, Obummer and his economic ass-visors will blame YOU! You, you, gloomy-doomers, doubtful Dorothys andpainful pessimists. The economy isn't recovering because of you, because you won't buy a new i-phone or a Keurig single douche coffee machine or new shorts or sneakers. You fuckers!
And, you killed Kenny. You bastards!
Posting from Germany: Zero-Hedge is a useful platform for those who share a common interest in opinions and postings from smart people who have the capacity to question conventional wisdom.
Recently there seems to be a somewhat exaggerated appetite for negativity and crash-warnings. This is most likely a somewhat biased but typical reflex, considering the scary monetary expansion which is driving today’s economy and financial markets.
Unfortunately the commentary section for readers below has degenerated into a slum-like state of community, massively long on foul language and warped views but extremely short on rational arguments. If these comments reflect the true state of the average intellect of zero hedgers, we surely have reason to worry about our future as a society. Censorship of opinion is really a bad thing, but some form of editing seems appropriate to maintain at least the notion of human behavior. I suggest, organizing the posting of commentary in reverse order. This would filter the noise from the content, because the least useful comments are usually on top - the further one scrolls down, the more rational the input becomes. That way we don’t have to read all the garbage postings – before we find the smart and useful ones at the bottom. The “notorious” experts will most likely not hold their “fire” and wait a day or two – only to make it to the top of the chain. They will continue to rush to the gates and end up at the bottom of the pile of comments.
uuuuuh, really?? seriously??
Does this phrase mean anything to you? "Date-oldest first"
Perhaps drinking and driving is not your forte. In fact, put away your internet and stick with crayons until your reading comprehension increases a bit. Ok, maybe that is a bit warped.
It may rain this afternoon
Maybe consumers can't spend because all their money is in stocks? :D
where's the usual comment on auto-dealer channel stuffing?? given zirp, corp borrowing costs are very low, the manufacturers can pass a lot of this cheap credit to the dealers so their cost of inventory is low....enabl-ing ever larger channels to stuff. HOWEVER, given cars have have new models each year, dealerships MUST sell inventory. they do this today using more and more sub-prime auto lending.
the series of dominoes might be: slight hiccup on #employed/gdp 'growth'; followed by noticable default rate in subprime loans, followed by tumble in high yeild bond/clo-type loans, which given massive leverage MAY be the pebble to start the avanlanche. first was subprime housing, now we do subprime auto loans, not sure what could come next....what has multi-thousand dollar price, is financed over several years? student loans? those are already failing, but theyre insured by our collective fear of the irs. whocouldaknode?