Wednesday, August 26, 2015

Smoke and Mirrors — Sharmini Peries interviews Michael Hudson


Video and transcript.

Michael Hudson
Smoke and Mirrors
Sharmini Peries interviews Michael Hudson

1 comment:

Matt Franko said...

Hudson: " That’s why they don’t have enough money to buy goods and services, and so sales are falling."

http://www.census.gov/retail/marts/www/marts_current.pdf

"The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for July, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $446.5 billion, an increase of 0.6 percent (±0.5%) from the previous month, and up 2.4 percent (±0.7%) above July 2014. Total sales for the May 2015 through July 2015 period were up 2.3 percent (±0.7%) from the same period a year ago. The May 2015 to June 2015 percent change was revised from -0.3 percent (±0.5%)* to virtually unchanged (±0.2%)*.
Retail trade sales were up 0.6 percent (±0.5%) from June 2015, and up 1.6 percent (±0.7%) above last year. Food services and drinking places were up 9.0 percent (±3.3%) from July 2014 and motor vehicle and parts dealers were up 6.9 percent (±2.8%) from last year."

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