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Post by agito on Feb 12, 2009 13:07:03 GMT -6
www.cnbc.com/id/29157649 when i first saw this on CNN- the first thing i thought was "UnLC is going to rip this up if manipulation is afoot" have a chance to look at that yet UnLC?
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Post by unlawflcombatnt on Feb 12, 2009 17:58:26 GMT -6
www.cnbc.com/id/29157649 when i first saw this on CNN- the first thing i thought was "UnLC is going to rip this up if manipulation is afoot" have a chance to look at that yet UnLC? I didn't get a chance to fully analyze it yet. I know that they revised December downward by another -0.3%, from -2.7% to -3.0%. So that would instantly increase what would have been a +0.7% increase to +1.0%. I'll have to go look at the previous reports, and see how much they've been altered. Even accepting the current numbers, however, the government is admitting to almost a -10% loss over the last 12 months. " Despite the leap last month, retail sales were down 9.7% from January 2008, amid the ravages of the recession, thousands of job losses and falling home prices." I suspect it's probably a lot worse than just -9.7%. The January consumer price index is not in yet, so it isn't possible to determine what the change in real dollars has been.
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Post by unlawflcombatnt on Feb 12, 2009 18:51:14 GMT -6
2008 Retail Sales were $4.478 trillion. A annualized -9.7% fall comes out to -$434 billion. Current dollar GDP for 2008 was $14.2 trillion. A loss of -$434 billion is a loss of 3% of our current dollar GDP.
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