Pantheon Macroeconomics - We have argued for some time that investors began much too soon to look for stronger consumption in the wake of the drop in gasoline prices. Typically, turning points in gas prices trigger turning points in the rate of growth of retail sales with a lag of six or seven months.

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05 May. 2015 No Signs of Surging Consumption, But Much too Soon for Gloom

By Ian Shepherdson

We have argued for some time that investors began much too soon to look for stronger consumption in the wake of the drop in gasoline prices. Typically, turning points in gas prices trigger turning points in the rate of growth of retail sales with a lag of six or seven months.

Posted: 5th May 2015 in 'U.S. Documents'

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