Economic outlook bright for new year
Falling fuel costs helped Americans spend more on goods and services in November, reinforcing expectations that the U.S. economy will accelerate with inflation under control entering 2006.
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Wal-Mart, the world’s largest retailer, said its U.S. November sales rose 4.3 percent. The National Retail Federation is forecasting an industry wide sales gain of 6 percent for the November-December shopping season, the second-biggest increase since 1999.
“The last few weeks have been very strong,”’ said John Barbour, president of U.S. stores for Toys “R” Us, in a Dec. 19 interview. “We’re feeling very good about how the holiday season is developing.”
Lower gasoline prices may increase demand, economists said. The average retail price of all grades of gas dropped to $2.30 a gallon in November from $2.77 the prior month.
In other words, the economy will still be coming on like gangbusters in 2006.
What a truly wonderful country this could be if only the president would stop prophylactically reading the e-mails of people who plan to kill us …
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