Retail Sales Drop
Posted by AskSuperZJan 14
Retail Sales Drop!
For the month of December 08 retail sale dropped like a rock. And if your wondering how bad, well it was really bad. The Commerce Department reported yesterday that retail sales dropped 2.7 percent for December 08. The crazy people on Wall Street where expecting a 1.2 percent drop. And today investors are showing what they do when they see numbers like this, they sell, which in turn drops the market. So once again the average American gets hurt again. Our 401k investments drop and the credit market gets even tighter. This will make it even harder for small businesses to get loans to stay alive through the slow months. And when these businesses fold more jobs will be lost, adding to the already soaring job loss. This recession is so far the worst recession ever, only thing worst is a depression. Anyway, for the year retail sales dropped by 0.1 percent, which is the first ever drop since the government started tracking this in 1992. I can only hope things change very soon. But when people keep saying things are going to get worst before better how will anything change. We need to all get positive again, and maybe things will change.
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