Yep, ole Sam takes a hit…
“Spending on discretionary items like spring fashions and patio furniture was unusually weak, the retailer said.”
http://news.yahoo.com/s/nm/retail_walmart_earns_dc
PeakOil is You
THE US Trade Gap Thread (merged)
by Pops » Thu 12 May 2005, 12:50:35
The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities.
-- Abraham Lincoln, Fragment on Government (July 1, 1854)
-- Abraham Lincoln, Fragment on Government (July 1, 1854)
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Pops - Elite
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by EnemyCombatant » Thu 12 May 2005, 13:00:22
On CNBC, the analysts said they thought it was due to consumers cutting back because of high gasoline prices. So if gas prices continue to go down, the trade deficit should go back up.
Now why didn't I take the blue pill.
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EnemyCombatant - Tar Sands
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by MagnoliaFan » Thu 12 May 2005, 14:49:08
http://www.reuters.com/newsArticle.jhtml?type=businessNews&storyID=8471243
Wal-Mart's sales have suffered in recent quarters as soaring gasoline prices cut into household budgets, and the world's No. 1 retailer said it expects energy prices to weigh on second-quarter results too.
And these traitors have the gall to say...
Still, the company said it expects trends to improve in the second half of the year and it remained optimistic about the U.S. economy.
They've destroyed the US economy and now they're wondering why everyone is too poor to buy their crap.
Wal-Mart's sales have suffered in recent quarters as soaring gasoline prices cut into household budgets, and the world's No. 1 retailer said it expects energy prices to weigh on second-quarter results too.
And these traitors have the gall to say...
Still, the company said it expects trends to improve in the second half of the year and it remained optimistic about the U.S. economy.
They've destroyed the US economy and now they're wondering why everyone is too poor to buy their crap.
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by bruin » Thu 12 May 2005, 15:00:26
This brings up an interesting point. Seems like most of our "luxury" items are imported while the essentials like food are made here.
Perhaps the first phase of PO will be a big slash on imports while our exports keep up pace. Sounds like there is a silver lining in here somewhere.
Perhaps the first phase of PO will be a big slash on imports while our exports keep up pace. Sounds like there is a silver lining in here somewhere.
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by EnemyCombatant » Thu 12 May 2005, 17:32:05
I don't think Walmart is too worried.
The idea is to sell to the Asian and Latin American countries.
I read somewhere that they are building a Walmart near one of the pyramids in Mexico.
The idea is to sell to the Asian and Latin American countries.
I read somewhere that they are building a Walmart near one of the pyramids in Mexico.
Now why didn't I take the blue pill.
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EnemyCombatant - Tar Sands
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by Malthus » Thu 12 May 2005, 19:45:53
$this->bbcode_second_pass_quote('', 'W')ow that is surprising – especially the narrowing with China!
Wonder how China-Mart is doing?
Wonder how China-Mart is doing?
January 2005 2,609.2 17,863.7 -15,254.5
February 2005 3,082.4 16,953.6 -13,871.2
March 2005 3,305.4 16,209.5 -12,904.2
True on month to month basis however wrong on year to year basis, still signficantly up comparedto the same period in 2004
January 2004 2,593.1 14,069.7 -11,476.6
February 2004 3,033.7 11,314.8 -8,281.1
March 2004 3,372.5 13,807.9 -10,435.4
Still if you look at yearly data you will see a trend for imports to botom around march-april and then shoot up in the summer. So one can argue due to the fact that february deficit numbers were very high for that period of the year one can see a few weak monthly import reports ahead till may at best before chinese goods stocks are depleted and the american consumer goes on with his spending spree.
statistic data here
http://www.census.gov/foreign-trade/bal ... .html#2005
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Malthus - Peat
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by nth » Fri 13 May 2005, 10:56:42
$this->bbcode_second_pass_quote('Malthus', '')$this->bbcode_second_pass_quote('', 'W')ow that is surprising – especially the narrowing with China!
Wonder how China-Mart is doing?
Wonder how China-Mart is doing?
January 2005 2,609.2 17,863.7 -15,254.5
February 2005 3,082.4 16,953.6 -13,871.2
March 2005 3,305.4 16,209.5 -12,904.2
True on month to month basis however wrong on year to year basis, still signficantly up comparedto the same period in 2004
January 2004 2,593.1 14,069.7 -11,476.6
February 2004 3,033.7 11,314.8 -8,281.1
March 2004 3,372.5 13,807.9 -10,435.4
Still if you look at yearly data you will see a trend for imports to botom around march-april and then shoot up in the summer. So one can argue due to the fact that february deficit numbers were very high for that period of the year one can see a few weak monthly import reports ahead till may at best before chinese goods stocks are depleted and the american consumer goes on with his spending spree.
statistic data here
http://www.census.gov/foreign-trade/bal ... .html#2005
Exactly what I was saying. Except you went and wrote down the numbers.
Thanks.
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by Pops » Fri 13 May 2005, 11:58:12
I doubt they are very worried either with a 2.5 billion dollar profit in Q1 vs 2.2 in ’04 but it was below expectations, which is what the market is all about.
It’s also an indication of how quickly increases in gas prices affect lower income people.
It’s also an indication of how quickly increases in gas prices affect lower income people.
The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities.
-- Abraham Lincoln, Fragment on Government (July 1, 1854)
-- Abraham Lincoln, Fragment on Government (July 1, 1854)
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Pops - Elite
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by nth » Fri 13 May 2005, 13:56:00
$this->bbcode_second_pass_quote('Pops', '
')It’s also an indication of how quickly increases in gas prices affect lower income people.
')It’s also an indication of how quickly increases in gas prices affect lower income people.
Yes, but only lower income people.
Target is going through the roof!
I think Nieman Marcus is doing well too
The sad part is I don't see a drop in gasoline demands
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