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markkk
2021-08-17

US Retail Sales Slump In July As Stimmy Spending Stalls

Following June's very modest rise in retail sales, analysts are expecting a stimmy-less American pub

US Retail Sales Slump In July As Stimmy Spending Stalls

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US Retail Sales fell 1.1% MoM in July - almost four times worse than the 0.3% slide expected</p>\n<p><img src=\"https://static.tigerbbs.com/ce3db2e7b38842514eeb28bba328ccf8\" tg-width=\"979\" tg-height=\"565\" width=\"100%\" height=\"auto\"><i>Source: Bloomberg</i></p>\n<p>Under the hood, motor vehicles, clothing, and non-store retailers (online) all saw sales tank...</p>\n<p><img src=\"https://static.tigerbbs.com/49a8333958d76945a2febfbd3d834b9e\" tg-width=\"733\" tg-height=\"669\" width=\"100%\" height=\"auto\">This is not the self-sustaining recovery you were looking for...</p>\n<p><img src=\"https://static.tigerbbs.com/6181c8f34d711019a61750a92a1d7df2\" tg-width=\"920\" tg-height=\"532\" width=\"100%\" height=\"auto\"><i>Source: Bloomberg</i></p>\n<p>Finally, most concerning is the 1.0% tumble in the control group data, which slots right into GDP. That is five times worse than the 0.2% decline expected!</p>\n<p><img src=\"https://static.tigerbbs.com/9a5ef2ff0efc753599bda0247a8c8540\" tg-width=\"979\" tg-height=\"563\" width=\"100%\" height=\"auto\"></p>\n<p><i>Source: Bloomberg</i></p>\n<p>Get back to work Mr.Biden... Americans need their stimmies!!</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US Retail Sales Slump In July As Stimmy Spending Stalls</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS Retail Sales Slump In July As Stimmy Spending Stalls\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-17 20:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/personal-finance/us-retail-sales-slump-july-stimmy-spending-stalls><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Following June's very modest rise in retail sales, analysts are expecting a stimmy-less American public -whose buying attitudes have utterly collapsed along with sentiment- to spend less in July (-...</p>\n\n<a href=\"https://www.zerohedge.com/personal-finance/us-retail-sales-slump-july-stimmy-spending-stalls\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/personal-finance/us-retail-sales-slump-july-stimmy-spending-stalls","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186807543","content_text":"Following June's very modest rise in retail sales, analysts are expecting a stimmy-less American public -whose buying attitudes have utterly collapsed along with sentiment- to spend less in July (-0.3% MoM consensus).\nsource: Bloomberg\nSpecifically,BofA, which has nailed the numbers all year, is forecasting a dramatic drop in retail sales in Julyas the spikes from stimulus checks fades into the distance (and the hopes of imminent recovery are dashed by government fearmongering and actions over the Delta variant).\nSo just how bad was it? US Retail Sales fell 1.1% MoM in July - almost four times worse than the 0.3% slide expected\nSource: Bloomberg\nUnder the hood, motor vehicles, clothing, and non-store retailers (online) all saw sales tank...\nThis is not the self-sustaining recovery you were looking for...\nSource: Bloomberg\nFinally, most concerning is the 1.0% tumble in the control group data, which slots right into GDP. That is five times worse than the 0.2% decline expected!\n\nSource: Bloomberg\nGet back to work Mr.Biden... Americans need their stimmies!!","news_type":1},"isVote":1,"tweetType":1,"viewCount":369,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}