Retail Sales in U.S. Rose in April for Seventh Month

[jpak]

http://www.businessweek.com/news/2010-05-14/retail-sales-in-u-s-rose-in-april-for-seventh-month-update2-.html

Sales at U.S. retailers climbed in April for a seventh straight month, signaling consumers are helping to broaden the economic recovery.

Further gains in consumer spending may give companies the confidence to keep hiring after payrolls climbed in April by the most in four years, helping households to continue shopping. More employment would ensure the recovery from the worst recession since the 1930s is sustained.

“The consumer remains resilient,” said Tom Simon, an economist at Jefferies & Co. in New York, who accurately forecast the sales increase. “If employment continues to grow on the path that it has, it will certainly support sales.”

Stock-index futures held earlier losses after the report on concern that Europe’s debt crisis will hurt economic growth. The contract on the Standard & Poor’s 500 Index fell 0.7 percent to 1,148.2 at 8:42 a.m. in New York. Treasury securities

<more>

[Lost4words]

1. will the good news never stop?

[jpak]

2. this is bad news

for Doomers

:D

[Lost4words]

3. I am doomed you little shit ass and in 30 years you will be to.

although I suspect by then it will be much much worse. And thats whats called a silver lining

[NNN0LHI]

4. Yep, its inevitable. Things wear out

Can only keep patching stuff up for so long and that becomes more costly than purchasing new.

Don