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HUI to Diverge Again?

 

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This bond/social security discussion is a big deal. Let's open a thread on LOB with a link from here. After the markets open, pleasde confine commentary on this thread to short term trading related issues, news blurbs, and brief humorous diversions. Please keep your IDS comments brief and on topic. If you would like to expand on a particular issue, post your comments in LOB, and place a link and reference to it here in IDS.

 

Tanks!

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Consumer demand softening in U.S., BTM says

by Rex Nutting @ MarketProp

 

WASHINGTON (CBS.MW) -- U.S. retailers saw a "fundamental softening in consumer demand" over the past three weeks, according to Mike Niemira, economist at the Bank of Tokyo-Mitsubishi. The BTM-UBS weekly chain store index fell 0.4 percent last week, the third straight week-over-week decline. The index improved to a 4.4 percent year-over-year increase "on an easier comparision" with last September's sales, Niemira said. For all of September, Niemira lowered his forecast of same-store sales to about 3.5 percent from an earlier range of 3.5 percent to 4 percent. Retailers had no explanation for the three-week decline in sales, but suggested that it may be a "spending pause" after very strong sales in August.

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