Written by Steven Hansen The inordinate growth of student loans – and its effect on the economy – is killing consumption (autos) and the housing sector. This is no short term dynamic, but will effect the economy for decades. [click on image to enlarge]
US Census says advance numbers for retail sales are up 0.6% in December 2010. Econintersect’s analysis shows sales up over 8% YoY and at all time highs.
The seasonally adjusted data on business (manufacturing, wholesale and retail) for October 2010 suggests sales increased – the unadjusted data says otherwise.
Strong retail sales do not indicate a likelihood of returning to recession.
Bank of Tokyo – Mitsubishi’s retail sales index for same store sales rose 1.3% YoY in October 2010. This indicates little economic growth – population growth was similar.