July Retail Sales CSO

[Cassandra Syndrome]

In further evidence that the Celtic Tiger 2 is well on its way retail sales only fell by 19.2% in July. This gives creedance to those who believe in not only can we have a jobless boom, we can have a consumerless one too. Follow the yellow brick road, follow the yellow brick road.......

http://www.cso.ie/releasespublicatio...urrent/rsi.pdf

[HarshBuzz]

In further evidence that the Celtic Tiger 2 is well on its way retail sales only fell by 19.2% in July. This gives creedance to those who believe in not only can we have a jobless boom, we can have a consumerless one too. Follow the yellow brick road, follow the yellow brick road.......

http://www.cso.ie/releasespublicatio...urrent/rsi.pdf

watch FF try to spin this as good news ('dropping less quickly' or somesuch garbage)

[Irish Liberty Forum]

It's good that people are adjusting to reality. Liquidate, liquidate, liquidate!

[odie1kanobe]

If you read it rather than just having the urge to grab a headline you would see that Deflation is still very much evident with Volume excl Motor down by 6.2% where as Value down by 11.8%.

Deflation is in there quite significantly even using month on month figures.

[Cassandra Syndrome]

If you read it rather than just having the urge to grab a headline you would see that Deflation is still very much evident with Volume excl Motor down by 6.2% where as Value down by 11.8%.

Deflation is in there quite significantly even using month on month figures.

I did read it Mr Presumption. I also read were sales are 7% lower from 2005. Another great stat. And why celebrate deflation? The last time deflation was this bad was 1933. That was a great partytime in history.

And volume less autos? What is that about? I don't visit the GP and ask for a checkup less blood pressure.

[Cassandra Syndrome]

If you read it rather than just having the urge to grab a headline you would see that Deflation is still very much evident with Volume excl Motor down by 6.2% where as Value down by 11.8%.

Deflation is in there quite significantly even using month on month figures.

Oh and by the way, another pollyanna on this forum argued with me that deflation isn't bad as it is mostly interest rate related, so make up your minds...

[odie1kanobe]

I did read it Mr Presumption. I also read were sales are 7% lower from 2005. Another great stat. And why celebrate deflation? The last time deflation was this bad was 1933. That was a great partytime in history.

And volume less autos? What is that about? I don't visit the GP and ask for a checkup less blood pressure.

Clearly you didn't read the release, if you had you would have seen the reason they were highlighting Autos was the change in the VRT in 2008 had a timing impact on the level of purchases of cars.

[odie1kanobe]

Oh and by the way, another pollyanna on this forum argued with me that deflation isn't bad as it is mostly interest rate related, so make up your minds...

I never commented on whether Deflation was good or bad just the significance of it within the CSO figures.

If however you wish to contextualise it deflation at the moment is a good justification for Welfare and Public Sector pay cuts.

However going forward Inflation will be effective assumming no Welfare or Public sector pay growth as it will grow the tax take and devalue the level of Governmental and Personal debt.

[Cassandra Syndrome]

Clearly you didn't read the release, if you had you would have seen the reason they were highlighting Autos was the change in the VRT in 2008 had a timing impact on the level of purchases of cars.

Yes I did read the release. I also read for example April's as attached, which also quotes retail sales less Autos.

http://www.cso.ie/releasespublicatio...si_mar2009.pdf

[Cassandra Syndrome]

My point is that car sales are always a good barometer of economic activity. They are an age old tangible visible object that we can personally gauge what way things are in the economy.