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Good News for Consumers, Holiday Sales Barely Rise; Worst Shopping Season Since


By Mish   Follow   Wed, 26 Dec 2012, 4:31am PST   644 views   13 comments
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Good News for Consumers, Holiday Sales Barely Rise; Worst Shopping Season Since 2008
http://globaleconomicanalysis.blogspot.com/2012/12/good-news-for-consumers-holiday-sales.html
Mish

Comments 1-13 of 13     Last »

CaptainShuddup   Wed, 26 Dec 2012, 4:53am PST   Share   Quote   Permalink   Like (3)   Dislike (3)     Comment 1

hmm you know what this situation call for?
Higher gas prices, CNN has been saying all year how higher gas prices help the middle class.

121212   Wed, 26 Dec 2012, 7:26am PST   Share   Quote   Permalink   Like (3)   Dislike (1)     Comment 2

CaptainShuddup says

hmm you know what this situation call for?
Higher gas prices, CNN has been saying all year how higher gas prices help the middle class.

Link? I would like to read that please.

121212   Thu, 27 Dec 2012, 2:34am PST   Share   Quote   Permalink   Like (2)   Dislike     Comment 3

So as usual, Cpt, your full of hot air.

CaptainShuddup   Thu, 27 Dec 2012, 2:41am PST   Share   Quote   Permalink   Like   Dislike (2)     Comment 4

121212 says

So as usual, Cpt, your full of hot air.

http://finance.fortune.cnn.com/2012/12/06/cheap-gas-hurts-the-middle-class/

121212   Thu, 27 Dec 2012, 3:12am PST   Share   Quote   Permalink   Like (2)   Dislike     Comment 5

CaptainShuddup says

CNN has been saying all year

Keep going, one article is not all year !

CaptainShuddup   Thu, 27 Dec 2012, 3:25am PST   Share   Quote   Permalink   Like   Dislike (1)     Comment 6

http://finance.fortune.cnn.com/2012/10/05/4-gas-get-used-to-it/

http://money.cnn.com/2012/05/25/news/economy/gas-prices/index.htm

http://www.breitbart.com/Big-Journalism/2012/11/29/CNN-Now-Pushing-for-a-Gas-Tax-Hike

http://washington.cbslocal.com/2012/10/10/opinion-gas-prices-are-the-government-and-obamas-fault/

Those bastards...
http://money.cnn.com/2012/07/10/news/economy/Iran-oil/index.htm

CaptainShuddup   Thu, 27 Dec 2012, 3:26am PST   Share   Quote   Permalink   Like   Dislike (1)     Comment 7

You know I could do this all day, it's only my pet peeve.
That I have had almost 5 years to research.

121212   Thu, 27 Dec 2012, 3:28am PST   Share   Quote   Permalink   Like (2)   Dislike (1)     Comment 8

You may be onto something, it's flimsy and circumstantial at best as gas prices are much lower now than last year.

I think with the new 55 MPG standards coming soon will create more revenue for the government .

Also Gas will drop more as the world enters another recession.

and don't forget USA will be a net exporter of energy come 2016 in oil and gas.

CaptainShuddup   Thu, 27 Dec 2012, 3:50am PST   Share   Quote   Permalink   Like   Dislike (1)     Comment 9

121212 says

and don't forget USA will be a net exporter of energy come 2016 in oil and gas.

I forgot it just as soon as it was touted. I bet you bathe in propaganda don't you? You lather it up thick and foamy and smear it on your nether regions, then rinse with renewable cool aid.

121212   Thu, 27 Dec 2012, 4:27am PST   Share   Quote   Permalink   Like (2)   Dislike     Comment 10

I expect gas to be $6+ a gallon with 55mpg, you should too.

But while we are in recession until about 2015 gas will remain lower.

The fed as we know is devaluing the dollar.

If we remain in this current cycle like Japan then you will see more of the same for 20yrs+

If interst rates go up and gas goes up, the economy will be doing well.

bob2356   Thu, 27 Dec 2012, 4:49am PST   Share   Quote   Permalink   Like   Dislike     Comment 11

121212 says

USA will be a net exporter of energy come 2016 in oil and gas.

121212 says

I expect gas to be $6+ a gallon with 55mpg

That doesn't make any sense. Huge supplies of oil are being freed up with fracking. The only constraint on gas prices will be refining.

Nobody   Thu, 27 Dec 2012, 4:50am PST   Share   Quote   Permalink   Like   Dislike     Comment 12

It is given that we need to raise the tax revenue somehow. This article fails to mention how gasoline tax or consumption tax would impact difference class of people. If you are earning only $10K a year and pay $100 a month for gasoline, the impact is 12% of whatever tax increase. And if you are earning $1M a year and paying $100 a month, the impact is less than 0.12% of whatever tax increase. If I were earning $1M, I would definitely say increase the consumption tax. Cause it has less impact on me.

If you read the article without much thought into it, you fall into the trap.

Thedaytoday   Thu, 27 Dec 2012, 4:50am PST   Share   Quote   Permalink   Like (2)   Dislike     Comment 13

Like Cpt suggets taxes will likely go up.

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