US Current Account Reaches Record High

US Current Account Reaches Record High
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Headline Snip

8:30am 09/14/04 U.S. AUG. RETAIL SALES DOWN 0.3% VS. -0.1% EXPECTED

8:30am 09/14/04 U.S. AUG. RETAIL SALES EX-AUTOS UP 0.2% AS EXPECTED

8:30am 09/14/04 U.S. JULY RETAIL SALES REVISED TO 0.8% GAIN FROM 0.7%

8:30am 09/14/04 U.S. Q2 CURRENT ACCOUNT DEFICIT RECORD $166.2 BILLION

8:30am 09/14/04 U.S. Q2 CURRENT ACCOUNT DEFICIT RECORD 5.7% OF GDP

8:30am 09/14/04 U.S. Q2 NET CAPITAL INFLOWS $146.8B VS. $138.6B

8:30am 09/14/04 U.S. AUG. GENERAL MERCHANDISE STORE SALES DOWN 0.4%

8:30am 09/14/04 U.S. RETAIL SALES UP 4.9% YEAR
-OVER-YEAR

Die Einzelhandelumsätze brachen im August ein und setzen sind im September weiterhin schwach, somit ist der Begriff "soft-patch" von A, Greenspan fort und seine Aussage das die Wirtschaft ihre Zugkraft wieder gewinnt eine komplette Falschaussage (Lüge).