Retail sales increased 0.7% in July, better than expected as consumer spending is holding up

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[toddfarkman]

$1 Trillion in credit card debt. Yay, retail sales are up!!

[dvonzosch]

With the lowest jobless claims since LBJ's 6 years of prosperity, and help wanted signs everywhere, the GOP is needing _actual policies_ to propose, rather than only culture issues.

Bcz of the Inflation Reduction Act, that lowers prescription drug costs, insulin costs, and ACA insurance premiums, and subsidizes commercial and residential solar panel, and heat pump installation, and increased Medicare benefits including dental and non prescription hearing aids, seniors, who reliably vote, are seeing the benefits.

JB also has great job numbers, bcz of the Infrastructure Law and the CHIPS and Science Act.

[capitocapital]

The credit cards soon needs water cooling... it's nothing to cherish

[bigsidable]

THIS IS EXACTLY WHAT IVE BEEN SAYING FOR THE LAST 18 MONTH. CONSUMER IS STILL DOING GOOD. THEY ARE ABSORBING THE HIGHER PRICES.

[gardener]

These people are a cartoon. Retail sales are not corrected for inflation. People are spending more because it costs more for the same items. Therefore in reality more money is spent but less products are being sold which means less goods need to be produced. That is why the unemployment level is starting to tick up each week. The cycle of inflation is that prices rise until the seller realizes people are no longer buying his product and then to save on costs the layoffs begin. Watch!

[KungPowEnterFist]

More proof that the current Fed funds rate is not high enough. Get ready for CPI/PCE to surprise to the upside.

[hughhughes]

In my opinion
Here we all are sitting and watching the same thing from 2008.
Instead of the land grab. It's now the cash grab as our banks look weak.

Same thing on a different face.
Wow.
And who loses the most
YOU AND I
VOTE VOTE VOTE
UGE
PERIOD

[Emily-leop]

As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $745K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?

[chobar]

my language Punjabi I am your language not understand🙌✍️💪