E-commerce Retail Sales Climbing: The Recession is Over
E-commerce retail sales in U.S. rose 1.9 percent in third quarter. It's more evidence the recession is history. Brace yourself for the coming price inflation.
If sales rose 1.9% and inflation rose by at least 3%, then would this not suggest that sales are down in terms of goods sold? I'm in the international shipping business. I can tell you first hand that demand is weak. Agree that his will change as a result of M1 going ballistic, but that time is not now.
Wenzel is a fool. Calling the recession over with 9% unemployment and paltry GDP growth all because prices are increasing is the height of delusion. Go and get a clue.
Wensel is not a fool. He will ultimately be correct. The amount of M1 expansion will produce economic activity and high inflation - very high. Then we'll have another bust. A nasty bust. There is no doubt about this. This is the business cycle.
Are you talking about gold and commodities going to new highs, oil at 200 etc.? Just that I understand you... If so, the bust will come pretty quickly.
If you believe we are in a recession, which I do, then prices remian very elevated for a recession. No? I don't know how high prices will go, but they will move higher at some point. And then the bust will come.
If sales rose 1.9% and inflation rose by at least 3%, then would this not suggest that sales are down in terms of goods sold? I'm in the international shipping business. I can tell you first hand that demand is weak. Agree that his will change as a result of M1 going ballistic, but that time is not now.
ReplyDeleteWenzel is a fool. Calling the recession over with 9% unemployment and paltry GDP growth all because prices are increasing is the height of delusion. Go and get a clue.
ReplyDeleteOh thank god this recession is over. Back to living the high life! Off to buy a house!
ReplyDeleteWhy doesn't it feel like it then...
Wensel is not a fool. He will ultimately be correct. The amount of M1 expansion will produce economic activity and high inflation - very high. Then we'll have another bust. A nasty bust. There is no doubt about this. This is the business cycle.
ReplyDeleteThe issue I've rasied is a timing issues.
Are you talking about gold and commodities going to new highs, oil at 200 etc.? Just that I understand you... If so, the bust will come pretty quickly.
ReplyDeleteAndy
If you believe we are in a recession, which I do, then prices remian very elevated for a recession. No? I don't know how high prices will go, but they will move higher at some point. And then the bust will come.
ReplyDelete