Archive for sales

GDP Growth Revised Upward To 3.1%

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email

goodnews

It may seem slow, but at least we’re getting somewhere. Aren’t the wingers always griping about the GDP? There’s a tasty one for them to chew on.

Economic output grew at an annual rate of 3.1 percent in the third quarter, the Commerce Department reported today. That figure is the third and final estimate of last quarter’s GDP growth, and it represents a boost from a previously reported 2.7 percent.

A variety of factors contributed to economic growth last quarter, including consumer spending, federal government spending, and residential fixed investment, which includes home purchases and renovations. The department reports that the new estimate does not substantially change the broader portrait of the nation’s economy, though new data do show that consumer spending is showing a “modest pickup,” while imports, which subtract from GDP, are falling off.

“In a real sense, I think what this number does is it ratifies the employment reports we’ve been seeing,” says Joel Naroff, president and chief economist at Naroff Economic Advisors. Unemployment was at 8.3 percent in July, but by the end of the quarter in September, it had fallen to 7.8 percent. A growth rate of 3.1 percent is more congruous with that kind of labor market improvement than the Commerce Department’s initial estimate of 2.0 percent, says Naroff.

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email

Auto industry sales on track for strongest sales since 2007

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email

Think Progress has some good news for us, and for the president.

[T]he auto industry is on pace to sell more than 14 million cars and trucks in 2012, the Detroit News reports. That would be the industry’s best sales year since 2007, just two years before the industry’s major American players were bailed out by the federal government.

Imagine that.

The Detroit News puts it this way:

U.S. car and truck sales could surpass 14 million for the first time in five years, with every major automaker reporting a strong midyear performance. [...]

Industry experts attribute the momentum to attractive new vehicles, easier credit, moderating gas prices and modest economic growth.

Wait, what? Lower gas prices? Economic growth? It certainly can’t be attributable to President Obama, because he only gets blamed, and that’s only if gas prices go up, the economy tanks, and auto sales go down.

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email

General Motors’ US sales up 11 percent in May

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email

After a morning filled with doom and gloom over the jobs numbers, this is damn nice to see.

DETROIT —General Motors Co. says its U.S. sales rose 11 percent in May on strong sales of trucks and the new, pint-size Chevrolet Sonic.

GM sold 245,256 cars and trucks in May, its highest monthly total since the Cash for Clunkers deal in August 2009.

Sales of small cars rose 16 percent compared with last May thanks to the Sonic subcompact. Buick sales rose 19 percent due to demand for the new Verano small car.

Pickup truck sales were also strong as construction activity picks up. Chevrolet Silverado sales rose 22 percent.

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email

Wholesalers boost inventories by most since May

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email

Seems there’s been alot of good economic news lately. Funny, you’d never know from the media…

WASHINGTON (AP) — Wholesale companies increased their stockpiles of autos, paper, and other goods in October by the most in five months, a sign they expect consumer demand to rise.

The Commerce Department says wholesale inventories grew 1.6 percent, the most since May. Rising stockpiles of nondurable goods, such as paper and petroleum, drove the increase.

September’s figure was also revised to show that inventories were unchanged, up from last month’s estimate of a 0.1 percent decline.

The report also showed that wholesale sales increased 0.9 percent, after a 0.3 percent increase in September.

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email

Quickie- Jobless claims fall, retail sales edge up

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email

It’s better than bad news?

(Reuters) – The number of Americans claiming initial unemployment benefits dropped last week, but remained elevated and retail sales barely rose, suggesting the economy would struggle to regain speed in the second half.

Other data on Thursday showed wholesale inflation ebbed last month for the first time in a year as energy prices fell, which could help to boost consumer spending.

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email

Nicole Sandler’s very chilling VIDEO: Guns Kill

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email

I posted the original Rachel Maddow segment here. It’s chilling, too. In fact, it’s downright sickening, especially in light of the increased Glock sales.

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email

Glock pistol sales surge in aftermath of Arizona shootings

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email

Sometimes I feel as if I’m living in Upside Down World:

Instead of hurting sales, the massacre had the $499 semi-automatic pistols — popular with police, sport shooters and gangsters — flying out the doors of his Glockmeister stores in Mesa and Phoenix.

We’re at double our volume over what we usually do,” Wolff said two days after the shooting spree that also left 14 wounded, including Democratic Representative Gabrielle Giffords, who remains in critical condition.

A national debate over weaknesses in state and federal gun laws stirred by the shooting has stoked fears among gun buyers that stiffer restrictions may be coming from Congress, gun dealers say. The result is that a deadly demonstration of the weapon’s effectiveness has also fired up sales of handguns in Arizona and other states, according to federal law enforcement data. [...]

Democratic Representative Carolyn McCarthy of New York said this week that she plans to introduce legislation that would ban the high-capacity magazine.

Nobody is taking your guns away, America. The Second Amendment is not on life support, it’s not even being threatened.

However, consider this: The only reason to use a magazine that contains 33 rounds would be a mass killing. Law enforcement’s standard magazine is less than half of that:

According to a senior attorney with the Brady Campaign, they rated Arizona a two out of 100 on the organization’s rating of state gun laws. Arizona’s rate of gun deaths is one and a half times the national average.

You can bet the gun lobbyists will be stuffing the pockets and pocket books of Congress members, and no new laws limiting gun/ammo use or sales will stand a chance.

As Twitter pal Noetical tweeted to me just now, ”Sadly, I’d be more shocked if this results in any new laws limiting guns or ammo than I was to hear about the shooting.”

H/t: cbn2

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email