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Retail Sales Meets Expectations, Leaves Door Open For September Rate Hike
Having missed expectations for 6 of the last 7 months, July retail sales printed a 0.6% rise, exactly in line with expectations of a 0.6% rise. The control group missed expectations, printing a 0.3% rise against expectations of a 0.5% rise. Year-over-year, retail sales growth hovers at weak levels strongly suggesting a recessionary environment, but the more watched MoM data leaves the door open for a September rate hike (i.e. not bad enough to warrant a delay) as it appears everyone is eating out with the biggest MoM and YoY rises seen in Food/beverage store sales.
MoM, after 6 misses in the last 7 months...
YoY retail sales flash recession warnings once again...
The full breakdown shows everyone eating out...
Charts: Bloomberg
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And therefore, we have ---> HAMMER TIME!
The Feral Reserve will raises rates soon no matter what.
Everything is awesome
Does "food/beverage store" include liquor stores? If so, seems legit.
Yes, rates are going up, currencies are going down...
way down...
Due, due due due. Can't touch this.
I think they're going to raise rates specifically because it will cause the economy to roll over. That will leave the door open to some really bat shit policies as the politicians piss themselves.
When you don't set your expectations too high..............you are not too disappointed...........
This is bad comedy... The numbers are fraudulent. Officials can pick and choose at will what "data" matters. There is only the Double Plus Good party line that will allow them to raise rates. Then, at such time as they deem fit and is wholly in the banks interests they will drop again.
Federal Reserve sponsored fascism. Capitalisim in decay...
Oh my ....
Breath of relief. So glad it's all fixed again. Timmah.
Somebody needs a tune-up (Reid style)
Employment data whiffed..equity futures up and gold is down. This is so laughable.
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So, food costs have continued to surge, hence the 0.6% rise in retail. I think that's called inflation, not a surging economy.
I'm spending money maintaining the house. But i'll be damned if i'm going to spend on anything else.
Fuck you FED. You economic destroyers can spend eternity in hell.
Heh heh ... surging economy means surging prices. What else you expected?
Bought some food items on 'sale' yesterday - picked them up and thought to myself - "this doesn't feel right". The package sizes had shrunk - again! Rather than lowering prices, the companies are introducing new smaller sizes while keeping the old larger size on the shelf at its previous (higher) price. Thus you see a sale ad or sale sign and think you are getting a bargain, but now you have to buy it more frequently - or go back to the full price larger size.
Can't wait unil we start buying empty packages....what's the calorie content of most packaging? Paper is probably the easiest on the stomach.....should we buy paper company stocks?
food inflation has been relentless and continues to be. So how exactly are "shoppers" spending more money on discretionary items when incomes are flat, many are structurally unemployed or underemployed, student debt is over the top? I suppose the millenials can buy all these Apple gadgets because they are living at home with no rent and probably parent-subsidized meals. Our society is not becoming more prosperous, that is plain for anyone to see.
I don't buy processed foods, all fresh produce, fruits, fish, meats, etc. There was a time when being fresh produce saved you a lot of money. I get less and less and less as time goes on.
Times are weird. All talk of deflation and certainly there are sectors with little upside on pricing. But there is a continual perhaps sneaky inflation in every single necessary item we need to live. Food, housing, utilities and the taxes they demand or they grab the housing. The only necessity I can think of off hand that isn't inflating would be clothing.
Eating out, hmmm....
The door isn't open for rate hikes. The Chinese just went from shitting on the side of the road to shitting on the FED.
Wait till they depeg from the dollar, which is likely going forward. Everyone is shooting themselves in the foot; soon the head.
Wait till they depeg from the dollar, which is likely going forward. Everyone is shooting themselves in the foot; soon the head.
I think yesterdays explosion in that Chinese port city is probably indicative of their "short to medium term objectives -forward looking. If yesterday didn't happen and George Soros' only crime was shorting on stocks in the Chinese market(s) a couple of weeks ago maybe the Chinese CB would have backed off?
But now?!!!
Wake me when just one goverment or central bank pegs their money to something fucking real.
It's still a fiat world. New money creation has NOT requiired any real collateral for quite some time.
Two things: 1) lowered expectations & 2) lowered expectations
It is stunning that given all this power central bankers have we have not made them into a priesthood. Relying on these quacks and charlatans would make so much more sense if they lived and worked in the same place, and were banned from having a family, owning personal property, and communicating directly with the outside world for their entire lives, on penalty of death. They should wear modest robes and live where they work.
Hilsenrath as spokes model?
No thanks.
Still passing around the bong water of rate hike? LOL.
They will raise rates when they decide to crash the system... and they are planning to crash the system/
Temporal. People are stockpiling food & beer for the impending "lower low" depression that FedRateHike would launch.
I did my fair share of contributing by purchasing lots of beer, popcorn and scotch.
Eating out is free
It's the dinner beforehand that costs
there will be no rate increase, the stock market will tank before they even give a serious thought about it.
Retail sales robust yet all the stores are empty and closing down. Yes, of course we believe this!
futures turned red..WTF??? with all this good news?? maybe today will be us shorts getting revenge..never mind ain't gonna happen ever..per Mr Janet Yellen.
Unless the statistics are properly adjusted for price inflation,
it makes NO SENSE to conclude that
retail sales are improving,
more people eating out, more food being purchased, etc.
hahahahahahahahahaha that's all I can muster up really.
So the invisible shoppers are also the invisible people with jobs spending the invisibly valued fiat from space, got it.
We have liftoff.