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But consumers remained wary, pulling back on purchases of other items. Sales of electronics and appliances fell 1.3 per cent, the most in more than a year, and furniture dealers, grocery stores, department stores and sports retailers also posted lower receipts.
Clothing sales edged up 0.2 per cent and sales of building materials and gardening supplies rose 1.2 per cent, however, faster than April’s gains."
// Overall retail sales were down .2 percent. This is not a recovery.
Quote:"I’m no retired executive, but I’m going to guesss that “fuelling those doubts” is the fact that 9% of us are out of work, as many more are underemployed or checked out completely, we’re paying $4 a gallon for gas and more for heat and food prices are zooming and our mortgages are underwater and used car prices, or used parts to fix our beaters are out of sight due to “cash for clunkers” and our retirement accounts are shrinking and taxes are rising and those of us who have jobs are being told our companies may drop our health insurance and our local governments are jacking up property taxes to buy electric cars and artistic water fountains even as food prices zoom upward thanks.
// A wonderfully concise and succinct description of why most of us are pessimistic regarding the economy.
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