How Many Fingers 'Ya Got?
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2019-10-20 07:00 by Karl Denninger
in Consumer , 129 references Ignore this thread
How Many Fingers 'Ya Got?
[Comments enabled]

There's a hole in the dike.... I said dike, not dyke.

By any measurement last month's "retail sales" numbers sucked.

They sucked across the board.  Even the usual adjustments didn't help much.

September, may I remind you, is usually soft a bit -- because the kids have gone back, and August is when most people buy the "back to school" stuff.  So clothing tends to do well in August, and then September falls off a bit.

Well, it didn't fall off "a bit" -- it went off a cliff, being worse than July.

Worse is that was down from last year.

Cars were up compared against last year.  How much of that was increased prices rather than more cars?  Good question.

Furniture?  Still up a bit annualized.

Electronics?  Uh, no.  Down.  Quite a lot.

How many fingers 'ya got to plug those holes?

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