Holiday retail spending up 8.7%

[ntdz]

Originally posted by: conjur

Originally posted by: conjur

Originally posted by: rickn
and we will all have the credit card debt to prove it. I think I spent about the same as I did last year.

The rest of the sentence from ntdz's post:

according to a report from an affiliate of MasterCard International, the Wall Street Journal reported in its online edition on Monday.

Another Reuters article:
http://today.reuters.com/investing/fina...T_0_MARKETS-STOCKS-UPDATE-8-URGENT.XML

NEW YORK, Dec 27 (Reuters) - U.S. stocks added to losses on Tuesday, with the tech-laced Nasdaq Composite Index sliding 1 percent, as falling crude oil prices dragged on the energy sector.

Online retailers' shares fell in the first trading day after Christmas, as some said sales during the holiday shopping season were slower this year than in the past.

http://phx.corporate-ir.net/phoenix.zht...=irol-newsArticle&ID=798960&highlight=

Amazon.com, Inc. (NASDAQ: AMZN) today announced that the 2005 holiday season finished as its best ever, with the company's Holiday Delight-O-Meter surpassing 108 million items ordered for the first time. The 2005 holiday season also brought another single-day record with the Delight-O-Meter tracking more than 3.6 million items ordered, or 41 items per second, on Dec. 12th.

Tell that to Amazon.com

 

[HombrePequeno]

Originally posted by: ntdz

Originally posted by: conjur

Originally posted by: conjur

Originally posted by: rickn
and we will all have the credit card debt to prove it. I think I spent about the same as I did last year.

The rest of the sentence from ntdz's post:

according to a report from an affiliate of MasterCard International, the Wall Street Journal reported in its online edition on Monday.

Another Reuters article:
http://today.reuters.com/investing/fina...T_0_MARKETS-STOCKS-UPDATE-8-URGENT.XML

NEW YORK, Dec 27 (Reuters) - U.S. stocks added to losses on Tuesday, with the tech-laced Nasdaq Composite Index sliding 1 percent, as falling crude oil prices dragged on the energy sector.

Online retailers' shares fell in the first trading day after Christmas, as some said sales during the holiday shopping season were slower this year than in the past.

http://phx.corporate-ir.net/phoenix.zht...=irol-newsArticle&ID=798960&highlight=

Amazon.com, Inc. (NASDAQ: AMZN) today announced that the 2005 holiday season finished as its best ever, with the company's Holiday Delight-O-Meter surpassing 108 million items ordered for the first time. The 2005 holiday season also brought another single-day record with the Delight-O-Meter tracking more than 3.6 million items ordered, or 41 items per second, on Dec. 12th.

Tell that to Amazon.com

You can't just look at one company. Obviously there are exceptions to trends.

It'd be like saying when the stock market tanked pointing to Raytheon or another defense stock and showing how well it's doing, as if it was an indicator of how well the stock market overall was doing.

 

[ntdz]

Originally posted by: HombrePequeno

Originally posted by: ntdz

Originally posted by: conjur

Originally posted by: conjur

Originally posted by: rickn
and we will all have the credit card debt to prove it. I think I spent about the same as I did last year.

The rest of the sentence from ntdz's post:

according to a report from an affiliate of MasterCard International, the Wall Street Journal reported in its online edition on Monday.

Another Reuters article:
http://today.reuters.com/investing/fina...T_0_MARKETS-STOCKS-UPDATE-8-URGENT.XML

NEW YORK, Dec 27 (Reuters) - U.S. stocks added to losses on Tuesday, with the tech-laced Nasdaq Composite Index sliding 1 percent, as falling crude oil prices dragged on the energy sector.

Online retailers' shares fell in the first trading day after Christmas, as some said sales during the holiday shopping season were slower this year than in the past.

http://phx.corporate-ir.net/phoenix.zht...=irol-newsArticle&ID=798960&highlight=

Amazon.com, Inc. (NASDAQ: AMZN) today announced that the 2005 holiday season finished as its best ever, with the company's Holiday Delight-O-Meter surpassing 108 million items ordered for the first time. The 2005 holiday season also brought another single-day record with the Delight-O-Meter tracking more than 3.6 million items ordered, or 41 items per second, on Dec. 12th.

Tell that to Amazon.com

You can't just look at one company. Obviously there are exceptions to trends.

It'd be like saying when the stock market tanked pointing to Raytheon or another defense stock and showing how well it's doing, as if it was an indicator of how well the stock market overall was doing.

Did you even read the quote he bolded...it said "SOME said sales during..." I'm merely showing one who didn't say that...

 

[dullard]

Originally posted by: ntdz
Factoring in inflation isn't just as easy as that...

Inflation is a very inexact science. Why don't you factor it in for us then.

 

[ntdz]

Originally posted by: dullard

Originally posted by: ntdz
Factoring in inflation isn't just as easy as that...

Inflation is a very inexact science. Why don't you factor it in for us then.

I can't, I don't know how.

 

[umbrella39]

And not to mention Amazon.com doesn't accept cash. Great news for the credit card industry! Bad news for the consumers who foolishy spend money they don't have using plastic.

 

[dullard]

Originally posted by: ntdz
I can't, I don't know how.

Which is why we use very simple formulas that are fairly accurate but not exact. Like the one I used.

 

[HombrePequeno]

Originally posted by: ntdz

Originally posted by: HombrePequeno

Originally posted by: ntdz

Originally posted by: conjur

Originally posted by: conjur

Originally posted by: rickn
and we will all have the credit card debt to prove it. I think I spent about the same as I did last year.

The rest of the sentence from ntdz's post:

according to a report from an affiliate of MasterCard International, the Wall Street Journal reported in its online edition on Monday.

Another Reuters article:
http://today.reuters.com/investing/fina...T_0_MARKETS-STOCKS-UPDATE-8-URGENT.XML

NEW YORK, Dec 27 (Reuters) - U.S. stocks added to losses on Tuesday, with the tech-laced Nasdaq Composite Index sliding 1 percent, as falling crude oil prices dragged on the energy sector.

Online retailers' shares fell in the first trading day after Christmas, as some said sales during the holiday shopping season were slower this year than in the past.

http://phx.corporate-ir.net/phoenix.zht...=irol-newsArticle&ID=798960&highlight=

Amazon.com, Inc. (NASDAQ: AMZN) today announced that the 2005 holiday season finished as its best ever, with the company's Holiday Delight-O-Meter surpassing 108 million items ordered for the first time. The 2005 holiday season also brought another single-day record with the Delight-O-Meter tracking more than 3.6 million items ordered, or 41 items per second, on Dec. 12th.

Tell that to Amazon.com

You can't just look at one company. Obviously there are exceptions to trends.

It'd be like saying when the stock market tanked pointing to Raytheon or another defense stock and showing how well it's doing, as if it was an indicator of how well the stock market overall was doing.

Did you even read the quote he bolded...it said "SOME said sales during..." I'm merely showing one who didn't say that...

I apologize. I read the first half and completely skipped the second half.

 

[zendari]

Spending up = credit cards, Americans going into debt
Spending down = recession, Americans not confident in economy.

Gloom and Doom!Gloom and Doom!Gloom and Doom!

 

[her209]

"Law One: All news is economic news. Law Two: All economic news is bad news." --George F. Will

 

[Engineer]

Originally posted by: zendari
Spending up = credit cards, Americans going into debt
Spending down = recession, Americans not confident in economy.

Gloom and Doom!Gloom and Doom!Gloom and Doom!

Exactly! 😀 :beer:

P.S. Do you have anything to add to that to back it up? Negative savings rate = spending more than making. Spending up 8.7% when income are up 3.x%? Average CC debt per household at $9,700 (before holidays). Do you have anything other than your standard bushsh!t? :laugh:

 

[zendari]

What bullsh!t? I just went through my supply of leftwingtalkingpoints.

 

[Engineer]

Originally posted by: zendari
What bullsh!t? I just went through my supply of leftwingtalkingpoints.

Not bullsh!t...Bushsh!t...and you're a master at it! :laugh:

Anything to back up your crap or has it all been flushed?

You deny a negative savings rate?

You deny credit card debt and bankruptices at an all time high?

You deny people mortgaging themselves to the hilt to buy that new boat?

You deny that people can increase spending 8.7% when wages went up average 3.x% and they're still in the black in financial gain for the year?

Buwhahahahah! :laugh:

 

[TallBill]

Originally posted by: Engineer

Originally posted by: zendari
Spending up = credit cards, Americans going into debt
Spending down = recession, Americans not confident in economy.

Gloom and Doom!Gloom and Doom!Gloom and Doom!

Exactly! 😀 :beer:

P.S. Do you have anything to add to that to back it up? Negative savings rate = spending more than making. Spending up 8.7% when income are up 3.x%? Average CC debt per household at $9,700 (before holidays). Do you have anything other than your standard bushsh!t? :laugh:

I'd like to add something. Whether it was an 8.7% gain, or a 5.2% gain, or a 3.5% loss... it wont affect how I put on my boots and go to work tomorrow just like every other day.

I'm no financial analyst and neither is anyone here. Go spend some time with your family for the holidays instead of arguing the % gain on retail sails 😛

 

[Engineer]

Originally posted by: TallBill

Originally posted by: Engineer

Originally posted by: zendari
Spending up = credit cards, Americans going into debt
Spending down = recession, Americans not confident in economy.

Gloom and Doom!Gloom and Doom!Gloom and Doom!

Exactly! 😀 :beer:

P.S. Do you have anything to add to that to back it up? Negative savings rate = spending more than making. Spending up 8.7% when income are up 3.x%? Average CC debt per household at $9,700 (before holidays). Do you have anything other than your standard bushsh!t? :laugh:

I'd like to add something. Whether it was an 8.7% gain, or a 5.2% gain, or a 3.5% loss... it wont affect how I put on my boots and go to work tomorrow just like every other day.

I'm no financial analyst and neither is anyone here. Go spend some time with your family for the holidays instead of arguing the % gain on retail sails 😛

I didn't argue any figure or amount (you can read the thread and see)! 😀

Family is in bed...it's more fun this way! :laugh:

 

[ntdz]

Originally posted by: Engineer

Originally posted by: zendari
What bullsh!t? I just went through my supply of leftwingtalkingpoints.

Not bullsh!t...Bushsh!t...and you're a master at it! :laugh:

Anything to back up your crap or has it all been flushed?

You deny a negative savings rate?

You deny credit card debt and bankruptices at an all time high?

You deny people mortgaging themselves to the hilt to buy that new boat?

You deny that people can increase spending 8.7% when wages went up average 3.x% and they're still in the black in financial gain for the year?

Buwhahahahah! :laugh:

So would you rather see us saving all our money, and slowing the economy down at the same time (possibly a recession), or see us spending money as soon as it hits our pockets?

 

[zendari]

So, Mr. Engineer, why do you think Americans have such high confidence in the economy that they are spending at these levels?

 

[TallBill]

Originally posted by: Engineer
I didn't argue any figure or amount (you can read the thread and see)! 😀

Family is in bed...it's more fun this way! :laugh:

Never said you did 😛 Wanker!

 

[Engineer]

Originally posted by: zendari
So, Mr. Engineer, why do you think Americans have such high confidence in the economy that they are spending at these levels?

Because the credit card limits and home equity limits keep going up.

Edit: and because they like living the lifestyles of the rich and famous and have absolutely no idea what saving for a retirement is all about. Personal responsibility, remember? Sure, when it suits your agenda! :laugh:

You have an answer for any of my questions?

Nutz...I really don't care if the fools get deeper in debt or not. Saving all of their money? Hell, we're in a negative two percent savings rate in this country. No, I don't want to mimic the Japanese and their superior savings rate, but would be nice to see a positive savings rate. Hell, Greenspan and....*gulp* Bush both have encouraged higher savings rates and plans to promote them. You deny those people are right? Well, at leat Greenspan?

 

[Engineer]

Originally posted by: TallBill

Originally posted by: Engineer
I didn't argue any figure or amount (you can read the thread and see)! 😀

Family is in bed...it's more fun this way! :laugh:

Never said you did 😛 Wanker!

It was implied, Yankee! 😛

Edit: Wait...from Tennesse...OMG....big nasty orange! YUCK!!!!! 😛

 

[BlancoNino]

Amazon also accepts debit cards.

 

[conjur]

Originally posted by: ntdz

Originally posted by: Engineer

Originally posted by: zendari
What bullsh!t? I just went through my supply of leftwingtalkingpoints.

Not bullsh!t...Bushsh!t...and you're a master at it! :laugh:

Anything to back up your crap or has it all been flushed?

You deny a negative savings rate?

You deny credit card debt and bankruptices at an all time high?

You deny people mortgaging themselves to the hilt to buy that new boat?

You deny that people can increase spending 8.7% when wages went up average 3.x% and they're still in the black in financial gain for the year?

Buwhahahahah! :laugh:

So would you rather see us saving all our money, and slowing the economy down at the same time (possibly a recession), or see us spending money as soon as it hits our pockets?

You do realize we are experiencing a negative savings rate right now, don't you?

 

[Engineer]

Originally posted by: conjur

Originally posted by: ntdz

Originally posted by: Engineer

Originally posted by: zendari
What bullsh!t? I just went through my supply of leftwingtalkingpoints.

Not bullsh!t...Bushsh!t...and you're a master at it! :laugh:

Anything to back up your crap or has it all been flushed?

You deny a negative savings rate?

You deny credit card debt and bankruptices at an all time high?

You deny people mortgaging themselves to the hilt to buy that new boat?

You deny that people can increase spending 8.7% when wages went up average 3.x% and they're still in the black in financial gain for the year?

Buwhahahahah! :laugh:

So would you rather see us saving all our money, and slowing the economy down at the same time (possibly a recession), or see us spending money as soon as it hits our pockets?

You do realize we are experiencing a negative savings rate right now, don't you?

Chart.

 

[catnap1972]

Originally posted by: Engineer

Originally posted by: conjur

Originally posted by: ntdz

Originally posted by: Engineer

Originally posted by: zendari
What bullsh!t? I just went through my supply of leftwingtalkingpoints.

Not bullsh!t...Bushsh!t...and you're a master at it! :laugh:

Anything to back up your crap or has it all been flushed?

You deny a negative savings rate?

You deny credit card debt and bankruptices at an all time high?

You deny people mortgaging themselves to the hilt to buy that new boat?

You deny that people can increase spending 8.7% when wages went up average 3.x% and they're still in the black in financial gain for the year?

Buwhahahahah! :laugh:

So would you rather see us saving all our money, and slowing the economy down at the same time (possibly a recession), or see us spending money as soon as it hits our pockets?

You do realize we are experiencing a negative savings rate right now, don't you?

Chart.

[drooling braindead Republican]
"Bu...bu...but do you see that 2003 figure that's off the top of the chart? We could be right back to that tomorrow if you leftist defeatists didn't keep trying to talk down this booming economy! Best economy in the past 30,000 years, as a matter of fact!"

[drooling braindead Republican mode off]

😀

 

[umbrella39]

Originally posted by: zendari
So, Mr. Engineer, why do you think Americans have such high confidence in the economy that they are spending at these levels?

Because humans like to spend what they don't have even though they know they will have to pay for it some day. Instant gratification is not terribly hard to understand, I am surprised that someone who is seemingly as bright as you can't figure that out. Some of us have the restraint to have ZERO credit cards and only spend what we have saved, however. Guys, no matter how hard you try to spin debt into confidence it will never work. That only works on your fellow sheep.