"Sales at U.S. retailers surged in March by the most in a year and a half, the latest in a string of reports suggesting the economy is firming up after a soft spell of growth earlier in the year.
Retail sales soared 1.6% last month, the government said Thursday. Economists polled by MarketWatch expected sales to climb 1.1%"
lib response...."this can't be good"
Thanks Tim, the economy continues to exceed expectations.
I'm seeing little signs that throw some question marks into the picture.
For instance, today, inventories continue to build, outpacing sales, increasing stock/sales ratio. Not always bad news.Might be business optimism.. Hiring would suggest maybe it is. But stillone of a few "warning" signs.
But yes,overall,the economy appears to be doing quite well.
Thanks,
Exceeding expectations for the downturn that many have been calling for I guess would be a better description.
Maybe that will happen?
I really don't know where we might be headed. I just stick to trading commodities that are affected by the weather.
There will be a downturn.It's part ofcapitalism.. I just don't see any signs of one near term.