What has been keeping prices of general goods from going up has been the rampant deflation in the goods sector, and the highlights here would be old-style high-def TVs and such going down in price. I recently saw a 60” non-name brand on sale at Wally-World for $399. Almost bought it, too. I mean, a deal’s a deal, right?
Well, not presactly. But there is enough leak-through of value that retail sales have picked up:
The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for April, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $453.4 billion, an increase of 1.3 percent (±0.5%) from the previous month, and 3.0 percent (±0.7%) above April 2015. Total sales for the February 2016 through April 2016 period were up 2.8 percent (±0.5%) from the same period a year ago. The February 2016 to March 2016 percent change was revised from down 0.4 percent (±0.5%)* to down 0.3 percent (±0.2%). Retail trade sales were up 1.4 percent (±0.5%) from March 2016, and up 2.7 percent (±0.5%) from last year. Nonstore retailers were up 10.2 percent (±1.2%) from April 2015, while gasoline stations were down 9.4 percent (±1.6%) from last year. The advance estimates are based on a subsample of the Census Bureau’s full retail and food services sample. A stratified random sampling method is used to select approximately 4,700 retail and food services firms whose sales are then weighted and benchmarked to represent the complete universe of over three million retail and food services firms. For an explanation of the measures of sampling variability included in this report, please see the Reliability of Estimates section on the last page of this publication.
I assume you know the difference between a fairytale and a government economic report?
The fairytale begins “Once upon a time…” The government economic report begins: “In new figures released by the Department of….”
There’s this matter of consumer super-saturation we’ve talked about before. But for now, that’s just a theory. What matters hugely is that people are still buying more crap. I would be popping the champagne this morning if I owned and leased out storage units.
Let’s Go Judge Shopping!
You did see where the Obamanation’s cutting checks to the healthcare insurance scamdustry was ruled illegal by a federal judge – again?
No worries: Obama’s posse will just keep judge-shopping the case until they get it on the Supreme Obama Court where it will be blessed as legal.
Oh, if you’re offended at the label scamdustry applied to the insurance mafia, here’s the deal: I hold that if government mandates you spend your money, then no one should get any vig on the deal. No problem with healthcare, but healthcare to pay for some fat-cat sonovabitche’s yacht in the Bahamas?
No thank you.
Auto and healthcare become public utilities when government becomes the strong-arm “enforcers” and as such, it’s both a tax and it should be provided on a zero-mark-up basis to We the Peeps. If not (write this down so you won’t forget it) It’s a scamdustry and a screw-job. Which is why the aforementioned industry has a legion of lobbyists and why people in Washington go around in circles with the “must protect jobs” bullshit. It’s human slavery with dollar-signs attached, but let’s move on because we ain’t gonna change it because the fix is in and Hillary is simply going to buy whatever so deal with it. It’s not the American way, but like JFK’s Camelot, “America” never has been much more than a crass marketing campsign to turn your pockets inside-out, anyway. Deal.
(I could make a fortune if I could take police and fire departments private and mark them up, come to think of it…)
Little Lost Ryan
Republicans don’t know where, or what, their party stands for. This is why the idiotic comments of Paul the trade and healthcare sell-out Ryan, can’t endorse Trump: Because he (Ryanski of the Obama wing of the GOP Bolsheviks etc) doesn’t know what a republican is any more than Karl Marx does.
If he ever knew, he forgot and went and broke the faith with the voters.
We now return you to the normally scheduled, not nearly as depressing column we had planned for this fine Friday the 13th.
The futures point to a lower opening for the Dow – at least when we looked earlier. No telling what retail Kool-Aid will bring.
Two That Do, Two That Don’t
We constantly preach the gospel of rational thinking. As part of this, we constantly remind you there is “news that matters” and what is pawned off and news but doesn’t matter to anyone but a PR firm which is billing someone.
Our F-13 quiz is which is which in the following list?
These should not be too difficult…but we shall see.
Jenner and the Revolving Door
I don’t suppose you caught this one?
Not to put too fine a point on this, but if his hardware/software (ahem) was left in place, one could wonder what the “transition” was all about in the first place.
We also sense a field day ahead for lawyers.
Here’s why: If a public figure holds out they they have “transitioned” and some poor schmuck becomes a schmuckette and actually changes hardware based on representations of the famous person, isn’t there some kind of implied liability if it later turns out the public figure’s “deal” wasn’t sincere (was the hardware changed?) as held out to be?
Damn interesting legal question…and one that is all going to be part and parcel of the build-out of the LBGTQ (etc) industry here in Gomorrah.
Maybe it’s a blessing to have serious eye problems presently. Makes it easier for me to turn a blind eye to the rampant idiocy devolving around us.