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2022-08-18 Economy
NYT: Retail sales stall -- along with gasoline demand
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Posted by Besoeker 2022-08-18 01:30|| E-Mail|| Front Page|| [10803 views ]  Top

#1 And in other news:

Financial Times - Chinese economy ‘in desperate situation’
Posted by Besoeker 2022-08-18 01:37||   2022-08-18 01:37|| Front Page Top

#2 Hmm, demand falls, generally prices do, too.
Memorial and Independence Day holidays are long over, too. But $5+ per gallon would/should put a damper on spending decisions.
Posted by DooDahMan 2022-08-18 05:34||   2022-08-18 05:34|| Front Page Top

#3 ...Gas prices here in SC are inching up slightly, but I'm assuming that's routine pre-Labor Day increases.

Mike
Posted by MikeKozlowski 2022-08-18 08:27||   2022-08-18 08:27|| Front Page Top

#4 What about Diesel demand? You know the magic ingredient that fills the store shelves that never seem to be empty (except when directed by Soviet Central Planning governors and Fauci)
Posted by Procopius2k 2022-08-18 10:56||   2022-08-18 10:56|| Front Page Top

#5 Memorial and Independence Day holidays are long over, too.

Credit cards coming due, with back to school expenses.

CNBC’s Jeff Cox also took a glass-half-empty perspective on retail sales

Whoa whoa Russian Agent spread your Bad Vibes!
Posted by swksvolFF 2022-08-18 10:56||   2022-08-18 10:56|| Front Page Top

#6 The Inflation Reduction stuff was intended as a save the Democrats economic stimulus. I think they turned it into a last call on the gravy train for all the green and woke interests. No stimulus will result. After getting hammered in Nov, they will try to stage a giant pork fest in the lame session. Mitch will try to help.
Posted by Super Hose 2022-08-18 20:14||   2022-08-18 20:14|| Front Page Top

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