Yesterday, consumer stocks rallied on better than expected retail sales. As I said yesterday - I don't believe it! In conjunction with those comments, I highlighted a consumer survey that pointed to a consumer that continues to struggle.
Today, we have yet another data point, courtesy of Mark Lapolla at SixthManResearch.com, confirming that commodity inflation is draining the trends in the cash economy.
As Mark Lapolla points out, the move to $4.00 a gallon gas is now eating up 85% of every incremental retail dollar.
Today, we have yet another data point, courtesy of Mark Lapolla at SixthManResearch.com, confirming that commodity inflation is draining the trends in the cash economy.
As Mark Lapolla points out, the move to $4.00 a gallon gas is now eating up 85% of every incremental retail dollar.
