Replies to post #115736 on Coffee Sipping Big Board Stocks

[Jaxon2010]

(-:

http://www.theblaze.com/stories/2016/09/18/retired-marine-colonel-pens-scathing-letter-to-nfl-commissioner-legends-and-heroes-do-not-wear-shoulder-pads/?utm_source=Sailthru&utm_medium=email&utm_campaign=Firewire%20Morning%20Edition%20Recurring%20v2%202016-09-19&utm_term=Firewire_Morning_Test

[Jaxon2010]

From Dent;

Retail Sales Drop 0.3% in August… Following a modest 0.1% gain in July, retail sales disappointed in August. More important than the headline number, core retail sales – less autos and gasoline – fell for the second straight month.

What it means – But, we were recovering! Things were great! Or not. The latest retail sales figures just confirm the stagnant nature of the economy. GDP growth was awful in the first two quarters, so the consensus estimate called for a smart rebound in the third quarter. This appears overly optimistic.

We’ll be lucky for GDP to grow 3% this quarter, and even that growth rate won’t make up for the average 0.95% growth in the first half of the year. These calculations will make the Fed’s path to higher rates more difficult.