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Thursday, February 12, 2009

Buy Buy

Part of the sales increase in January comes from gas sales. Gas being cheaper will do the trick.

One has to wonder, exactly how driven we are to consume. We are in the midst of a major recession yet there was an increase in retail sales in January. There is a dissonance occurring and it is between recession and sales increase.

Reuters: U.S. retail sales rebound, new jobless claims slip
"It is the sort of tonic that can sooth the market to an extent. We've been keying on things not necessarily getting better but at least deteriorating at a slower rate. And this builds that case..."

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