HDRKID

Tuesday, September 15, 2009

Key to understanding


They say sales rose and inventories fell. The key to understanding is that retail sales rose due to car sales as in cash for clunkers. OK remember that we are still in a downward spiral. The unemployed are not buying a lot and we went from 6.1% unemployment in sep 2008 to 9.7% in sep 2009. That means less people are able to buy. Also, many people who still have jobs were forced to take pay cuts and work less hours. OK so where did all the money come from to buy at the store? Hint, we are buying lied to because we know that sales were already bad in 2008 and can only be worse now. People, wages are down and saving money is up. Do the math.

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