Daily Reading – November 16, 2010
While we wait to see whether Ireland will be bailed out today I’ll post todays interesting reads…
Posts Tagged ‘Nokia (NOK)’
U.S. Retail Sales
Just to touch briefly yesterdays retail sales. The figure was -1.5%; 0.5% ex autos vs. -2.1% and 0.3% consensus. Prior readings were 2.7% and 1.1%. Nothing to cheer here, most important aspect for me is the consequences of government stimulus withdrawal. The additional demand just evaporates.