It's Not Christmas Is It?

"Retailers are largely reporting disappointing sales in July, with many retailers falling short of analyst estimates, as consumers remain cautious with their spending and are running out of extra cash from their tax rebate checks." according to an article on CNBC.com. (http://www.cnbc.com//id/26049865)

Really!?

Of course the retailers are disappointed. I'm sure they were all waiting for consumers to run in the mall with the rebate checks we all got from Uncle Sam (Thanks Uncle Sam, from the bottom of our hearts!) and buy like there is no tomorrow. Christmas in July? You bet! Because this rebate was going to go right in the cash registers of all these stores.

Well, unless these stores sell gas or food, the expected large windfall most likely will not be at those retail establishments. I guess the choice of either gas or food or the big electronic thing that you would like to buy becomes not much of choice of all.

Forget the rebate checks. If you want to stimulate our economy (actually I mean jump start it), lower gas by a $1 a gallon. I know this move is impossible (because it makes perfect sense?) to do. But can you imagine what this would mean? You know, I can't imagine it.

More car sales, lower food prices, maybe more jobs, more home sales, stronger dollar.

Maybe we would be able to buy the big electronic thing.

I still can't imagine it.

If you have any comments on this article, I would love to hear what you have to say! Feel free to comment below.

Thanks for reading!

Dan Tenchall
Great Lakes Mortgage Funding

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