Welcome to the Vitus Capital Blog!
Notes to myself, possibly of interest to others.
-- Bill Northlich

Friday, May 13, 2011

Punk news continues

Retail sales, with a lackluster 0.5% m/m increase, look even worse if you take out auto sales and gasoline purchases. Then they drop to 0.2%. The PPI grew by 0.3% once food and energy are excluded, 0.7% with them. Rising prices and rising sales all seem to be centered on the gasoline pumps.
---CK Michaelson

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