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MOSLER'S LAW: There is no financial crisis so deep that a sufficiently large increase in public spending cannot deal with it.

2008-11-18 USER

Posted by WARREN MOSLER on November 18th, 2008


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ICSC UBS Store Sales YoY (Nov 18)

Survey n/a
Actual -0.10%
Prior 0.40%
Revised n/a

 
Bending but not breaking, yet. Gasoline prices probably helping.

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ICSC UBS Store Sales WoW (Nov 18)

Survey n/a
Actual 0.30%
Prior -1.00%
Revised n/a

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Redbook Store Sales Weekly YoY (Nov 18)

Survey n/a
Actual -0.90%
Prior -1.00%
Revised n/a

 
Looking weak as well.

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Redbook Store Sales MoM (Nov 18)

Survey n/a
Actual -1.10%
Prior -1.20%
Revised n/a

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ICSC UBS Redbook Comparison TABLE (Nov 18)

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Producer Price Index MoM (Oct)

Survey -1.9%
Actual -2.8%
Prior -0.4%
Revised n/a

 
Way lower than expected.

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PPI Ex Food and Energy MoM (Oct)

Survey 0.1%
Actual 0.4%
Prior 0.4%
Revised n/a

 
Way higher than expected.

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Producer Price Index YoY (Oct)

Survey 6.2%
Actual 5.2%
Prior 8.7%
Revised n/a

 
Still high but falling rapidly.

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PPI Ex Food and Energy YoY (Oct)

Survey 4.0%
Actual 4.4%
Prior 4.0%
Revised n/a

 
Still moving higher.


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