Retail Sales Bounce Back In July With Largest Gain In 5 Months

Even building materials! Good signs!

can be attributed to great sales?

The republicans are losing their grip.

http://www.zerohedge.com/news/mystery-july-retail-sales-beat-solved-it-all-seasonal-adjustment

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Damn that President Obama and is "failing" policies!!!

Seriously, how do the GOP even keep a straight face anymore when they talk about this stuff????

http://www.census.gov/retail/marts/www/marts_current.pdf

Here are real, raw dollars --- not statistically 'adjusted' numbers.
Actual money changing hands is down, down, down.

Retail & food services total:

Not Adjusted

July 2012
401,988

June 2012
405,820

May 2012
424,2012

Building material & garden eq. & supplies dealers

July 2012
25,003

June 2012
27,009

May 2012
30,800

Is that also "absolute garbage"? Or is this like the usual DU Doomer whining about UE seasonal adjustments - that only get mentioned when they are positive?

And he adds in some fancy numbers rigging by his own administration.

http://www.zerohedge.com/news/mystery-july-retail-sales-beat-solved-it-all-seasonal-adjustment

"Not Seasonally Adjusted (full series here) retail sales data in July actually declined by 0.9% from $405.8 to $402 billion. Of course, if the Census Bureau was using a consistent, or at least remotely comparable July seasonal adjustment factor as it has in the past, this would make sense and we would move on. So we decided to look at what the July seasonal adjustment variance over the past decade has been. What we found would have shocked us if indeed this is not precisely what we expected: with the July seasonal adjustment factor routinely subtracting a substantial amount from the NSA number, averaging at -$5.2 billion, in 2012, for the first time this decade, the seasonal adjustment not only did not subtract, but in fact added "value" to the NSA number, resulting in a seasonally adjusted number that was $1.9 billion higher than the NSA number at $403.9 billion."

It's all in the adjustments. It makes it look better than what it is, because one thing con men need more than greedy marks is the confidence of that mark.

Forum member:

I have CC machine in my store. As the month nears the end the number of transaction on CC's increases as does sell side action. People do not want to change thier consumption habits. The lifestyle and standard of living is more important that the future. Nobody want the dream to end let alone slowdown spending.

People do not want appear less than afluent even if it is bankrupting them. Image is more important reality even if thier life life is a complete lie. I met a gas station attendant a couple of years ago who had A one credit. He has over $ 750,000.00 availible.

I f he were to max out all the cards in a spending spree he would never be able to pay it back during the course of his life. The same goes with the way DC blows money there is no way it can be paid back and the US will be in debt bondange forever.

Nobody seems to mind and goes on with thier wage monkey lives. It has just been accepted by the American people that they are slaves and make more to keep the interest payments coming.