"Americans’ confidence in the economy has suffered a sudden relapse, dimming hopes that they will start spending - and spurring job growth - any time soon."
Yup, it is ALL YOUR FAULT the economy is failing, set-upon, unemployed, and foreclosed-upon Americans -- even as Wall Street and War-Looters STOLE BILLIONS FROM YOU!!!
Never mind the CONTINUOUS OUTSOURCING and OFF-SHORING off your jobs overseas and to foreign shores.
See: Consumers Cutting Debt Killed Recovery
Out-of-Work Americans Killed Economic Recovery
Slow Saturday Special: U.S. Consumers Killed Economic Recovery
Americans Not Doing Their Fair Share For EconomyAnd I'm wondering how that squares with such GOOD NEWS on the PROFIT FRONT:
"Macy’s, Home Depot offer upbeat sales predictions" by Chris Burritt and Cotten Timberlake, Bloomberg News | February 24, 2010
Target Corp., the second-largest US discount chain, said fourth-quarter profit rose 54 percent, helped by holiday sales and groceries. Net income advanced to $936 million, or $1.24 a share, from $609 million, or 81 cents, a year earlier.
It was a DISMAL HOLIDAY SEASON with sales down 25% from two years ago; however, Target still cleared nearly a billion in a quarter!!!
Yeah, there is a bulls-eye on your back, Amurkn consumer. I guess you have been hit so many times you can't even feel it anymore.
And how can the recovery be failing if consumers are spending and contributing to Targets sales?
Related: "The rise was primarily due to currency exchange effects."
Oh.
Macy’s posted a profit in the fourth quarter after holding down expenses and benefiting from a tax settlement. Net income totaled $466 million....
Yeah, holding down expenses means NOT HIRING ANYONE and LAYING PEOPLE OFF!! But Macy's SERVES the ELITE, don't they?
At Home Depot, net income totaled $342 million....
And you have to love the BUSINESS AGENT QUALITY and PROMOTION of this "news" article.
Retailers Home Depot Inc. and Macy’s Inc. are forecast rising sales this year, while saying....
Retailers face a slump in consumer confidence, which fell to its lowest in 10 months in February. Yet a stabilizing housing market has led to some sales improvements in areas including kitchen, flooring and plumbing, according to Home Depot and Lowe’s Cos., the two largest US home-improvement retailers.
Tired of the LIES and BULLS*** "yet," readers?
Sales at Home Depot stores open at least a year will rise about 2.5 percent in 2010 after dropping 6.6 percent last year, the company said.
Why? Because the company said it?
That's "news" in AmeriKa and my Boston Glob.
Macy’s said same-store sales will rise as much as 2 percent, after slumping 5.3 percent in 2009.
“Business feels better, there is no question about it,’’ Macy’s chief executive, Terry J. Lundgren, said. “We still have high unemployment, and I still see tight credit on consumers.’’
Then the WEALTHY MUST be doing FABULOUSLY -- and it turns out, THEY ARE!!!
“The retailers are controlling what they can control, which is expenses, and positioning themselves strategically for what everyone calls the new normal, with consumers looking for lower prices,’’ said Doug Conn, managing director at Hexagon Securities in New York. “The growth for these companies is very slow on the top line and may take a while to recover.’’
Translation: YOUR STANDARD of LIVING is DROPPING LIKE a STONE and NEVER COMING BACK, America!!!
There is GOING to BE NO RECOVERY because there HAS NOT BEEN and there is NOT INTENDED to BE ONE! This ECONOMIC DESTRUCTION was done ON PURPOSE to IMPOVERISH YOU, America -- by the same people "fixing" it!!!!
Lowe’s said sales in stores open at least 13 months may advance as much as 3 percent this year....
And they base this on.... ??
Barnes & Noble Inc. reported its third-quarter profit fell and predicted a wider fourth-quarter loss than analysts expected....
Pfft!
Who buys or reads books anymore, and who cares about some corporate publishing house?
--more--"
"Consumer confidence slumps again" by Associated Press | February 24, 2010
NEW YORK - Americans’ confidence in the economy has suffered a sudden relapse, dimming hopes that they will start spending - and spurring job growth - any time soon.
Yup, it is YOUR FAULT, American consumers!
Tired of the INSULTS of the NEWSPAPERS?!!
You MUST BE because YOU are NOT READING THEM!!!
The consumer confidence index figures released yesterday were much worse than analysts had expected and showed that Americans are morose about the job market and their economic prospects.
Yeah, things are ALWAYS MUCH WORSE when BULLSHITTERS have been spewing!!!!
That bodes ill for the sort of uptick in consumer spending that normally powers economic recovery, and could raise pressure on the Obama administration and Congress to create jobs....
What, after we were told the stimuloot created millions and millions of jobs -- even as we PILED UP LOSSES MONTH after MONTH!!!!
And aren't we ALREADY IN RECOVERY?
The MSM has been TELLING ME THAT for MONTHS!!!!!!
