Friday, November 25, 2011

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.


6 comments:

  1. 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.

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  2. 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.

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  3. Oh thank god this recession is over. Back to living the high life! Off to buy a house!

    Why doesn't it feel like it then...

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  4. 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.

    The issue I've rasied is a timing issues.

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  5. 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.

    Andy

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  6. 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.

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