Debunking more of col's bs.

WASHINGTON (Reuters) - U.S. retail sales turned in their strongest showing in seven months in April, rising 1.4 percent in a broad-based gain that doubled expectations and may further dispel fears of an economic soft spot.
ADVERTISEMENT

The
Commerce Department said on Thursday the increase -- which topped economists' expectations for a 0.7 percent climb -- was the largest since September.


Link


Comments (Page 2)
2 Pages1 2 
on May 18, 2005
Drmiler

The prime has increased 1.75% over the past year. The Prodcer and consumer prices have been up EVERY month on your chart except Dec 2004. Some months it is up .7 others .6 but UP in ALL months except Dec 2004.

Historical Chart


Prime Rate
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005
Jan 1 8.50% 8.50% 8.25% 8.50% 7.75% 8.50% 9.50% 4.75% 4.25% 4.00% 5.25%
Feb 1 9.00% 8.25% 8.25% 8.50% 7.75% 8.50% 8.50% 4.75% 4.25% 4.00% 5.25%
Mar 1 9.00% 8.25% 8.25% 8.50% 7.75% 8.75% 8.50% 4.75% 4.25% 4.00% 5.50%
Apr 1 9.00% 8.25% 8.50% 8.50% 7.75% 9.00% 8.00% 4.75% 4.25% 4.00% 5.75%
May 1 9.00% 8.25% 8.50% 8.50% 7.75% 9.00% 7.50% 4.75% 4.25% 4.00% 5.75%
Jun 1 9.00% 8.25% 8.50% 8.50% 7.75% 9.50% 7.00% 4.75% 4.25% 4.00%
Jul 1 9.00% 8.25% 8.50% 8.50% 8.00% 9.50% 6.75% 4.75% 4.00% 4.25%
Aug 1 8.75% 8.25% 8.50% 8.50% 8.00% 9.50% 6.75% 4.75% 4.00% 4.25%
Sep 1 8.75% 8.25% 8.50% 8.50% 8.25% 9.50% 6.50% 4.75% 4.00% 4.50%
Oct 1 8.75% 8.25% 8.50% 8.25% 8.25% 9.50% 6.00% 4.75% 4.00% 4.75%
Nov 1 8.75% 8.25% 8.50% 8.00% 8.25% 9.50% 5.50% 4.75% 4.00% 4.75%
Dec 1 8.75% 8.25% 8.50% 7.75% 8.50% 9.50% 5.00% 4.25% 4.00% 5.00%
Copyright 2005 MoneyCafe.com

Source: Federal Reserve Board


Yeah and it's down 3.5 points from Jan 2001.
on May 18, 2005
That is correct. The reason it is down is because the Fed Chairman lowered the rates. When Regan was president it was 12% Rates are on the way UP because of inflation and when the increase impacts long term loans like mortgages, the s*it will hit the Fan. In addition because Bush has added $2 Trillion to the national debt, the interest we will pay will be MAJOR increases. Just think of the interest on the added $2 Trillion plus the higher rates. Last month the treasury was unable to get foreign investors to buy enough new debt to cover our trade deficit. If we can not sell our bonds in the future, the deficit financing will come to a hault. It will be like hitting the limit on a credit card. Then the only answer will be higher taxes to pay our bills!
2 Pages1 2