Today's gain in retail sales is explained via "stimulus check". And how about inflation? example: before raising prise of milk, it cost $1. now it is $1,1. that is 10% increase in sales. so I wonder, how much is stimulus check and how much is inflation. maybe my thinking is totally wrong
The only reason for the rise in retail sales is higher costs associated with gasoline and food (13.8% and 10% increases QoQ). Things are really great when you can buy less gasoline and less food, no one is even thinking about buying anything non-essential, and we have lovely $4+gasoline and $7+ bushel of corn. And the market rallies. Don't buy the bullshit.