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

By Mish   2012 Dec 26, 4:31am   ↑ like (1)   ↓ dislike   1,243 views   13 comments   watch (1)   share   quote  

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 »

1   Tenpoundbass (56/56 = 100% civil)   2012 Dec 26, 4:53am  ↑ like (3)   ↓ dislike (3)   quote   top   bottom   home   share  

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.

2   121212   2012 Dec 26, 7:26am  ↑ like (3)   ↓ dislike (1)   quote   top   bottom   home   share  

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.

3   121212   2012 Dec 27, 2:34am  ↑ like (2)   ↓ dislike   quote   top   bottom   home   share  

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

4   Tenpoundbass (56/56 = 100% civil)   2012 Dec 27, 2:41am  ↑ like   ↓ dislike (2)   quote   top   bottom   home   share  

5   121212   2012 Dec 27, 3:12am  ↑ like (2)   ↓ dislike   quote   top   bottom   home   share  

CaptainShuddup says

CNN has been saying all year

Keep going, one article is not all year !

6   Tenpoundbass (56/56 = 100% civil)   2012 Dec 27, 3:25am  ↑ like   ↓ dislike (1)   quote   top   bottom   home   share  

7   Tenpoundbass (56/56 = 100% civil)   2012 Dec 27, 3:26am  ↑ like   ↓ dislike (1)   quote   top   bottom   home   share  

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

8   121212   2012 Dec 27, 3:28am  ↑ like (2)   ↓ dislike (1)   quote   top   bottom   home   share  

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.

9   Tenpoundbass (56/56 = 100% civil)   2012 Dec 27, 3:50am  ↑ like   ↓ dislike (1)   quote   top   bottom   home   share  

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.

10   121212   2012 Dec 27, 4:27am  ↑ like (2)   ↓ dislike   quote   top   bottom   home   share  

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.

11   bob2356 (16/16 = 100% civil)   2012 Dec 27, 4:49am  ↑ like   ↓ dislike   quote   top   bottom   home   share  

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.

12   Nobody   2012 Dec 27, 4:50am  ↑ like   ↓ dislike   quote   top   bottom   home   share  

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.

13   Thedaytoday   2012 Dec 27, 4:50am  ↑ like (2)   ↓ dislike   quote   top   bottom   home   share  

Like Cpt suggets taxes will likely go up.

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