Wednesday, May 13, 2009
Retail Sales Down in April
In a further sign of weak demand, retail sales were down by 0.4% in April. Deflation is still lurking over the edge, but if the dollar continues its current trend, fueled by record federal deficits, this could be a contradictory combination of weak demand and commodity-based inflation.
Posted by John L. Feier at 10:05 AM