Retail

July Retail Sales…Yep, Still Ugly

Europe and Asia were leading the way higher for S&P futures early this morning…until this ugly bucket of cold water was thrown at the optimists. What you’re looking at here is July Retail Sales broken down by sector.  Don’t get too fired up over the Cash 4 Clunkers-induced gain for the autos.  We’re not going to…

Mirror Mirror on the Wall…

Which retailer sucks most of all? EconomPic puts it in picture form for the month of June 2009. Warning:  This graph is violently depressing and is intended for mature audiences only! I suppose the answer would be Abercrombie and Fitch…20 someodd percent teenage unemployment, go figure! Be sure to visit EconomPic for more delicious chart candy.

Geithner Makes His First Impression…And It Sucks

As I watched the Dow Jones Industrial Average do that cascading-down-400-points thing that it’s gotten so good at, I listened in disbelief as our new Treasury Secretary Tim Geithner went through the whole litany of how we got to this point.  Does anyone really need a recap of the last 18 months and what’s gone on? …