Retail Poised for Big Gains
Sure, oil prices are skyrocketing and rising gas prices might doom us all. Let’s not worry about that right now. Check out what’s going on in RETAIL! According to this article on Marketwatch, retail is set to make a big splash when February numbers are reported. Year-on-year sales are set for a whopping 9.3% gain, the largest gain since March of 2000.
We are still expecting a small slide in consumer confidence due to the aforementioned oilmaggedon*, but this retail health should help sustain economic growth until the world’s political stage stabilizes a little bit and pump prices head back down.
*I should probably trademark that.
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