confuse apples with oranges...
and all retail sales with some retail sales...
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What almost all media reports do not do is separate fuel from other retail sales. However, as you will see below both Danial@Atlantic and Bill@CR do that for U.S.
What Daniel and oddly FinnFacts also do is provide U.S. with sector data.
This is important.
Notice the HUGE change in "auto sales" in the chart and the 4th chart.
Not only are auto sales up, a lot, since last year...
but they dropped like a rock last month.
Due to the price of gas, do you think?
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In the post below, you will also see that most of the increase in consumer credit use is based upon "auto and truck sales".
So, while it WAS driving the economy - no pun intended...
it might have just stopped, @ the light behind the sign for your gas prices.
Where are we really heading..., and how are we going to get there
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Retail Sales in Mar - Gasoline and Food Drive Up
http://www.theatlantic.com/
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US retail sales increased of 0.4% in March
http://www.finfacts.ie/
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Retail Sales increased 0.4% in March
http://www.calculatedriskblog.com/2011/04/retail-sales-increased-04-in-march.html
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