Briefing.com scroll to bottom and see the categories of sales for July, now deduct for Auto's and Gasoline, almost all else is flat to declining.
Don't tell me higher oil isn't effecting economy, it is raising prices on almost everything as truckers pass along higher fuel bills with surcharges.
We have EXCESS capacity worldwide to produce, for the things you don't need and some you do, gasoline ain't one of them!
Housing affordability index shows strain of hosuing bubble prices for many.
Putting down payment of getting a 15 yr mortgage a thing of the past, as we set daily records of historic debt burdon. It is quite troubling.
Will baby boomers demand for income as they retire cause a plummet in yields? I wonder.....there will be much supply! INSTEAD of ONE bubble we now have multiple ones to pop.The effects will be historic!
Duratek
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