US retail sales visibly weak today.
One retail bull has revised estimates to revenues down 1% and profits down 10% on this period last year (from previous estimate of significant increase).
The retailers (non electronics) have been deeply discounting in the run up to xmas to clear inventory. What are they gonna do for the January sales?
Retailers were being 'conservative' on inventory levels. But they could not sell what they had.
Just a thought but if Argentina gets away with defaulting on the foreign debt whats to stop other debtor nations from following suit (as long as the debt is much higher than any Foreign aid)? They can always install a new government in later and they can say it was nothing to do with them.
The US isn't exactly in a strong position to apply trade sanctions or similar and exacerbate the global slowdown.
Dow Chemical CO stock quotes
Dow Chemical CO stock charts
Follow this thread
