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Friday, November 19, 2010

**[investwise]** Why US Retail Sales Are Up Despite Consumer Deleveraging (101118)

 


"Sales at US retailers climbed in October by the most in seven months, brightening the outlook for holiday shopping even as unemployment holds near 10 percent...Wait a minute. Isn't the consumer de-leveraging? Isn't he paying down debt and defaulting on his mortgage? How can he be increasing spending?...

http://www.stock-investing-software.com/commentary/articles.html?next=15349

Ian

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