Monday, February 04, 2008

Retailers: Worst January In History

"NEW YORK (Dow Jones) -- Forget about gift-card use that pushed holiday sales into January or retailers' appetizing clearance sales. With consumers worried about their wallets, retailers may be about to report the industry's worst January sales numbers on record. U.S. chain-store sales in January are expected to be flat and even decline from a year earlier, according to the International Council of Shopping Centers. By either measure, that would be the worst reading, unadjusted for inflation, since 1969 when ICSC began to compile the data."

You know there are a lot of images that could portray the state of the american economy under this filthy maladministration. You just know it.

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Meanwhile the maladministration gears up it's Plunge Protection Team for this week's trading.

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