{"id":12401,"date":"2015-10-15T00:13:28","date_gmt":"2015-10-15T04:13:28","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=12401"},"modified":"2015-10-15T00:13:28","modified_gmt":"2015-10-15T04:13:28","slug":"weak-us-retail-sales-belie-strong-fundamentals","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2015\/10\/15\/weak-us-retail-sales-belie-strong-fundamentals\/","title":{"rendered":"Weak US retail sales belie strong fundamentals"},"content":{"rendered":"<p>Lucia Mutikani at <a href=\"http:\/\/www.reuters.com\/article\/2015\/10\/14\/us-usa-economy-idUSKCN0S81HC20151014\" target=\"_blank\">Reuters<\/a> writes:<\/p>\n<blockquote><p>U.S. retail sales barely rose in September and producer prices recorded their biggest decline in eight months, raising further doubts about whether the Federal Reserve will raise interest rates this year. The weak reports on Wednesday were the latest suggestion that the economy was losing momentum in the face of slowing global growth, a strong dollar, an inventory correction and lower oil prices that are hampering capital spending in the energy sector. Job growth braked sharply in the past two months.<\/p><\/blockquote>\n<p>Readers of the headline <em>Weak U.S. retail sales, inflation data cloud rate hike outlook<\/em> could be forgiven for believing the US economy is headed for recession. After all, retail sales growth has slowed to a crawl.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" title=\"Retail Sales\" height=\"381\" width=\"525\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-10-15-retailsales.png?resize=525%2C381&#038;ssl=1\" alt=\"Retail Sales\" \/><\/p>\n<p>And the producer price index is declining.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" title=\"Producer Price Index\" height=\"381\" width=\"525\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-10-15-ppi.png?resize=525%2C381&#038;ssl=1\" alt=\"Producer Price Index\" \/><\/p>\n<p>But if we strip out food and energy prices, PPI remains close to the Fed&#8217;s 2% inflation target. And low energy prices will eventually feed through as a stimulus.<\/p>\n<p>Hourly earnings in the manufacturing sector are starting to grow.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" title=\"Average Hourly Earnings Growth: Manufacturing and Total Private\" height=\"381\" width=\"525\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-10-15-hourlyearnings.png?resize=525%2C381&#038;ssl=1\" alt=\"Average Hourly Earnings Growth: Manufacturing and Total Private\" \/><\/p>\n<blockquote><p>&#8220;The overall message is that consumer spending has remained extremely strong. If sentiment had indeed shifted, it would be hard to explain why sales of cars, certainly among the more expensive items, jumped in September to their highest level since July 2005,&#8221; said Harm Bandholz, chief economist at UniCredit Research in New York.<\/p><\/blockquote>\n<p>Light vehicle sales continue their upward trajectory.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" title=\"Light Vehicle Sales\" height=\"381\" width=\"525\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-10-15-lightvehicles.png?resize=525%2C381&#038;ssl=1\" alt=\"Light Vehicle Sales\" \/><\/p>\n<p>And construction spending is decidedly bullish.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" title=\"Construction Spending\" height=\"381\" width=\"525\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-10-15-construction.png?resize=525%2C381&#038;ssl=1\" alt=\"Construction Spending\" \/><\/p>\n<p>Not much here to keep Janet Yellen up at nights. When it comes to rate rises, the sooner we get the economy back on a sound footing the better, I say. Otherwise we encourage further capital misallocation and dependency on Fed stimulus. There are no free lunches from central bankers. Everything comes at a price. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lucia Mutikani at Reuters writes: U.S. retail sales barely rose in September and producer prices recorded their biggest decline in eight months, raising further doubts about whether the Federal Reserve will raise interest rates this year. The weak reports on Wednesday were the latest suggestion that the economy was losing momentum in the face of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2015\/10\/15\/weak-us-retail-sales-belie-strong-fundamentals\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Weak US retail sales belie strong fundamentals&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,13,34],"tags":[315,793,1828,2109,2777,2943],"class_list":["post-12401","post","type-post","status-publish","format-standard","hentry","category-economy","category-inflation-economy","category-us-canada-countries-regions","tag-average-hourly-earnings-growth","tag-construction-spending","tag-inflation","tag-light-vehicle-sales","tag-producer-price-index","tag-retail-sales"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Weak US retail sales belie strong fundamentals - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Weak US retail sales belie strong fundamentals - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Lucia Mutikani at Reuters writes: U.S. retail sales barely rose in September and producer prices recorded their biggest decline in eight months, raising further doubts about whether the Federal Reserve will raise interest rates this year. The weak reports on Wednesday were the latest suggestion that the economy was losing momentum in the face of &hellip; Continue reading &quot;Weak US retail sales belie strong fundamentals&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2015\/10\/15\/weak-us-retail-sales-belie-strong-fundamentals\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:published_time\" content=\"2015-10-15T04:13:28+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/static.incrediblecharts.com\/images\/2015\/2015-10-15-retailsales.png\" \/>\n<meta name=\"author\" content=\"ColinTwiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ColinTwiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/10\\\/15\\\/weak-us-retail-sales-belie-strong-fundamentals\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/10\\\/15\\\/weak-us-retail-sales-belie-strong-fundamentals\\\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"Weak US retail sales belie strong fundamentals\",\"datePublished\":\"2015-10-15T04:13:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/10\\\/15\\\/weak-us-retail-sales-belie-strong-fundamentals\\\/\"},\"wordCount\":296,\"commentCount\":3,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/10\\\/15\\\/weak-us-retail-sales-belie-strong-fundamentals\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2015\\\/2015-10-15-retailsales.png\",\"keywords\":[\"Average Hourly Earnings Growth\",\"Construction Spending\",\"Inflation\",\"Light Vehicle Sales\",\"producer price index\",\"retail sales\"],\"articleSection\":[\"Economy\",\"Inflation\",\"US &amp; Canada\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/10\\\/15\\\/weak-us-retail-sales-belie-strong-fundamentals\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/10\\\/15\\\/weak-us-retail-sales-belie-strong-fundamentals\\\/\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/10\\\/15\\\/weak-us-retail-sales-belie-strong-fundamentals\\\/\",\"name\":\"Weak US retail sales belie strong fundamentals - the patient investor\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/10\\\/15\\\/weak-us-retail-sales-belie-strong-fundamentals\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/10\\\/15\\\/weak-us-retail-sales-belie-strong-fundamentals\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2015\\\/2015-10-15-retailsales.png\",\"datePublished\":\"2015-10-15T04:13:28+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/10\\\/15\\\/weak-us-retail-sales-belie-strong-fundamentals\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/10\\\/15\\\/weak-us-retail-sales-belie-strong-fundamentals\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/10\\\/15\\\/weak-us-retail-sales-belie-strong-fundamentals\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2015\\\/2015-10-15-retailsales.png\",\"contentUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2015\\\/2015-10-15-retailsales.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2015\\\/10\\\/15\\\/weak-us-retail-sales-belie-strong-fundamentals\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/thepatientinvestor.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Weak US retail sales belie strong fundamentals\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. Strategic. Unfiltered. \",\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/thepatientinvestor.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\",\"name\":\"The Patient Investor Pty Ltd\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/i0.wp.com\\\/thepatientinvestor.com\\\/wp-content\\\/uploads\\\/2026\\\/03\\\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1\",\"contentUrl\":\"https:\\\/\\\/i0.wp.com\\\/thepatientinvestor.com\\\/wp-content\\\/uploads\\\/2026\\\/03\\\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1\",\"width\":250,\"height\":250,\"caption\":\"The Patient Investor Pty Ltd\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/profile.php?id=61572934660810\",\"https:\\\/\\\/www.instagram.com\\\/colin_thepatientinvestor\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/cb072791ac83e8bae585007c133d54a5\",\"name\":\"ColinTwiggs\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g\",\"caption\":\"ColinTwiggs\"},\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/author\\\/colin58s\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Weak US retail sales belie strong fundamentals - the patient investor","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Weak US retail sales belie strong fundamentals - the patient investor","og_description":"Lucia Mutikani at Reuters writes: U.S. retail sales barely rose in September and producer prices recorded their biggest decline in eight months, raising further doubts about whether the Federal Reserve will raise interest rates this year. The weak reports on Wednesday were the latest suggestion that the economy was losing momentum in the face of &hellip; Continue reading \"Weak US retail sales belie strong fundamentals\"","og_url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/10\/15\/weak-us-retail-sales-belie-strong-fundamentals\/","og_site_name":"the patient investor","article_publisher":"https:\/\/www.facebook.com\/profile.php?id=61572934660810","article_published_time":"2015-10-15T04:13:28+00:00","og_image":[{"url":"http:\/\/static.incrediblecharts.com\/images\/2015\/2015-10-15-retailsales.png","type":"","width":"","height":""}],"author":"ColinTwiggs","twitter_card":"summary_large_image","twitter_misc":{"Written by":"ColinTwiggs","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thepatientinvestor.com\/index.php\/2015\/10\/15\/weak-us-retail-sales-belie-strong-fundamentals\/#article","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2015\/10\/15\/weak-us-retail-sales-belie-strong-fundamentals\/"},"author":{"name":"ColinTwiggs","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5"},"headline":"Weak US retail sales belie strong fundamentals","datePublished":"2015-10-15T04:13:28+00:00","mainEntityOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2015\/10\/15\/weak-us-retail-sales-belie-strong-fundamentals\/"},"wordCount":296,"commentCount":3,"publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2015\/10\/15\/weak-us-retail-sales-belie-strong-fundamentals\/#primaryimage"},"thumbnailUrl":"https:\/\/www.incrediblecharts.com\/images\/2015\/2015-10-15-retailsales.png","keywords":["Average Hourly Earnings Growth","Construction Spending","Inflation","Light Vehicle Sales","producer price index","retail sales"],"articleSection":["Economy","Inflation","US &amp; Canada"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/thepatientinvestor.com\/index.php\/2015\/10\/15\/weak-us-retail-sales-belie-strong-fundamentals\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/thepatientinvestor.com\/index.php\/2015\/10\/15\/weak-us-retail-sales-belie-strong-fundamentals\/","url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/10\/15\/weak-us-retail-sales-belie-strong-fundamentals\/","name":"Weak US retail sales belie strong fundamentals - the patient investor","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2015\/10\/15\/weak-us-retail-sales-belie-strong-fundamentals\/#primaryimage"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2015\/10\/15\/weak-us-retail-sales-belie-strong-fundamentals\/#primaryimage"},"thumbnailUrl":"https:\/\/www.incrediblecharts.com\/images\/2015\/2015-10-15-retailsales.png","datePublished":"2015-10-15T04:13:28+00:00","breadcrumb":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2015\/10\/15\/weak-us-retail-sales-belie-strong-fundamentals\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thepatientinvestor.com\/index.php\/2015\/10\/15\/weak-us-retail-sales-belie-strong-fundamentals\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/index.php\/2015\/10\/15\/weak-us-retail-sales-belie-strong-fundamentals\/#primaryimage","url":"https:\/\/www.incrediblecharts.com\/images\/2015\/2015-10-15-retailsales.png","contentUrl":"https:\/\/www.incrediblecharts.com\/images\/2015\/2015-10-15-retailsales.png"},{"@type":"BreadcrumbList","@id":"https:\/\/thepatientinvestor.com\/index.php\/2015\/10\/15\/weak-us-retail-sales-belie-strong-fundamentals\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thepatientinvestor.com\/"},{"@type":"ListItem","position":2,"name":"Weak US retail sales belie strong fundamentals"}]},{"@type":"WebSite","@id":"https:\/\/thepatientinvestor.com\/#website","url":"https:\/\/thepatientinvestor.com\/","name":"The Patient Investor","description":"Smart. Strategic. Unfiltered. ","publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/thepatientinvestor.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/thepatientinvestor.com\/#organization","name":"The Patient Investor Pty Ltd","url":"https:\/\/thepatientinvestor.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","contentUrl":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","width":250,"height":250,"caption":"The Patient Investor Pty Ltd"},"image":{"@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/profile.php?id=61572934660810","https:\/\/www.instagram.com\/colin_thepatientinvestor"]},{"@type":"Person","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5","name":"ColinTwiggs","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","caption":"ColinTwiggs"},"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/colin58s\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-3e1","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":13787,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/10\/17\/weak-us-retail-sales-belie-strong-fundamentals-2\/","url_meta":{"origin":12401,"position":0},"title":"Weak US retail sales belie strong fundamentals","author":"ColinTwiggs","date":"October 17, 2015","format":false,"excerpt":"Lucia Mutikani at Reuters writes: U.S. retail sales barely rose in September and producer prices recorded their biggest decline in eight months, raising further doubts about whether the Federal Reserve will raise interest rates this year. The weak reports on Wednesday were the latest suggestion that the economy was losing\u2026","rel":"","context":"In &quot;Market Insights&quot;","block_context":{"text":"Market Insights","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/market-insights\/"},"img":{"alt_text":"Retail Sales","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-10-15-retailsales.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-10-15-retailsales.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-10-15-retailsales.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":36523,"url":"https:\/\/thepatientinvestor.com\/index.php\/2022\/08\/18\/us-retail-sales-warn-of-more-inflation\/","url_meta":{"origin":12401,"position":1},"title":"US retail sales warn of more inflation","author":"Colin Twiggs","date":"August 18, 2022","format":false,"excerpt":"Advance retail sales for July (excluding motor and parts) came in at a strong $557.9 billion, way above the pre-pandemic trend (dotted line below). Real retail sales grew at a low 0.05% over the previous month, suggesting that the decline in real spending (adjusted for inflation) is slowing after two\u2026","rel":"","context":"In &quot;GDP and Activity&quot;","block_context":{"text":"GDP and Activity","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/gdp-and-activity\/"},"img":{"alt_text":"Retail Sales","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-08-17-retail.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-08-17-retail.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-08-17-retail.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":42078,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/05\/17\/strong-retail-sales-and-improving-consumer-outlook\/","url_meta":{"origin":12401,"position":2},"title":"Strong retail sales and improving consumer outlook","author":"Colin Twiggs","date":"May 17, 2023","format":false,"excerpt":"Strong real retail sales in the US, with inflation-adjusted monthly sales holding above the pre-pandemic trend (dotted line). Household finances are improving, with the NY Fed Survey showing an April decline to 30.5% in respondents who considered that they were \"somewhat worse off\" than a year ago, compared to 38.6%\u2026","rel":"","context":"In &quot;Deficit Spending &amp; Employment&quot;","block_context":{"text":"Deficit Spending &amp; Employment","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/deficit-spending-employment\/"},"img":{"alt_text":"Real Retail & Food Services Sales","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-05-16-real-retail.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-05-16-real-retail.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-05-16-real-retail.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":38904,"url":"https:\/\/thepatientinvestor.com\/index.php\/2022\/11\/18\/higher-for-longer-as-us-economy-shows-resilience\/","url_meta":{"origin":12401,"position":3},"title":"Higher for longer as US economy shows resilience","author":"Colin Twiggs","date":"November 18, 2022","format":false,"excerpt":"The producer price index (PPI) slowed to 10.3% for the 12 months to November. Declining goods inflation is likely to feed through into lower CPI growth in the months ahead. Energy PPI is closely linked to energy prices, as the plot of PPI against WTI crude below shows. West Texas\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"PPI & CPI","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-11-16-ppi-cpi.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-11-16-ppi-cpi.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-11-16-ppi-cpi.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":30428,"url":"https:\/\/thepatientinvestor.com\/index.php\/2022\/01\/15\/the-feds-dilemma\/","url_meta":{"origin":12401,"position":4},"title":"The Fed&#8217;s dilemma","author":"Colin Twiggs","date":"January 15, 2022","format":false,"excerpt":"Charles Schwab's latest report highlights the Fed's dilemma: How to curb inflation without slowing the economy and causing a recession? While markets had already priced in three rate hikes this year, the prospect of quantitative tightening in 2022 was a surprise because it\u2019s a departure from the Fed\u2019s approach in\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Yield Curve: 10-Year minus 2-Year","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-01-14-yieldcurve.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-01-14-yieldcurve.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-01-14-yieldcurve.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":37070,"url":"https:\/\/thepatientinvestor.com\/index.php\/2022\/09\/06\/australia-more-rate-hikes-ahead\/","url_meta":{"origin":12401,"position":5},"title":"Australia: More rate hikes ahead","author":"Colin Twiggs","date":"September 6, 2022","format":false,"excerpt":"The RBA hiked its target for the cash rate by 50 basis points today, to 2.35%, offering the following justification: .....Inflation in Australia is the highest it has been since the early 1990s and is expected to increase further over the months ahead. Global factors explain much of the increase\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"Australia: CPI","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-09-06-aus-cpi.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/12401","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=12401"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/12401\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=12401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=12401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=12401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}