Investment

» BoltonCT - Black Friday sales down

In response to Black Friday sales down posted by JeffChristy:

Well Jeff you cannot believe everything they tell you or you could get fleeced every time. I reported what I saw was true. And now they are also reporting the truth that inflation was the highest in 2007 that it has been in seventeen years. Yet Bob told you there was no inflation and holiday sales were outstanding didn't he. But did Bob give a sell signal yet?

Fed Says Economy Slowed at Year-End, With Sales `Disappointing'
By Steve Matthews
Jan. 16 (Bloomberg) -- The Federal Reserve said economic activity increased ``at a slower pace' in late November and December, with districts reporting ``disappointing' holiday sales.

Inflation Jumps in 2007
By MARTIN CRUTSINGER -
WASHINGTON (AP) - Higher costs for energy and food last year pushed inflation up by the largest amount in 17 years, even though prices generally remained tame outside of those two areas. Meanwhile, industrial output was flat in December, more evidence of a significant slowdown in the economy.

Consumer prices rose by 4.1 percent for all of 2007, up sharply from a 2.5 percent increase in 2006, the Labor Department said Wednesday. Consumers felt the pain when they filled up their gas tanks or shopped for groceries. Prices for both energy and food shot up by the largest amount since 1990.

-- posted by BoltonCT