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July retail sales dip and jobless claim goes up!

After the positive news in the auto industry more things suffer. It just further reinforces the consumer's incapability of contributing to the growth of the economy this time around. People are continuing to focus on increasing their savings and decreasing debt. DUH!!!!

When 70% of your economic activity is based on consumer spending, this is not a good sign at all.

Foreclosures are up 32% from this month last year.

More info at this source:

http://news.yahoo.com/s/ap/20090813/ap_ ... us_economy

wkuhillhound wrote:July retail sales dip and jobless claim goes up!

After the positive news in the auto industry more things suffer. It just further reinforces the consumer's incapability of contributing to the growth of the economy this time around. People are continuing to focus on increasing their savings and decreasing debt. DUH!!!!

...and paying taxes...let us never forget where 5-6 months worth of paychecks invariably end up....

Appaholic wrote:

wkuhillhound wrote:July retail sales dip and jobless claim goes up!

After the positive news in the auto industry more things suffer. It just further reinforces the consumer's incapability of contributing to the growth of the economy this time around. People are continuing to focus on increasing their savings and decreasing debt. DUH!!!!

...and paying taxes...let us never forget where 5-6 months worth of paychecks invariably end up....

...and it'll be 7-8 months with government healthcare.

AZGrizFan wrote: ...and it'll be 7-8 months with government healthcare.

But Government already provides health care for 45 million people

Cleets Part 2 wrote:

AZGrizFan wrote: ...and it'll be 7-8 months with government healthcare.

But Government already provides health care for 45 million people

Pray tell....

Cleets Part 2 wrote:

AZGrizFan wrote: ...and it'll be 7-8 months with government healthcare.

But Government already provides health care for 45 million people

Yeah, it's the expense of providing it for the OTHER 280 million that I'm worried about.

AZGrizFan wrote:

Appaholic wrote:
...and paying taxes...let us never forget where 5-6 months worth of paychecks invariably end up....

...and it'll be 7-8 months with government healthcare.

Reps

AZGrizFan wrote:

Appaholic wrote:
...and paying taxes...let us never forget where 5-6 months worth of paychecks invariably end up....

...and it'll be 7-8 months with government healthcare.

Yeah, 75% of your income will be going to taxes, Z. Shit, even Denmark's taxes aren't THAT high.

Grizalltheway wrote:

AZGrizFan wrote:
...and it'll be 7-8 months with government healthcare.

Yeah, 75% of your income will be going to taxes, Z. Shit, even Denmark's taxes aren't THAT high.

I wouldn't be surprised, G.