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Tax Refunds Send False Recovery Signal

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24/7 Wall Street   |   04/14/09

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Read More: Dillard's, Economic Stimulus Package, Gap, Stimulus, Stimulus Package, Tax Refunds, Taxpayer Refunds, Business News
Tax Refund Stimulus

24/7 Wall Street:

A taxpayer gets a refund check under the new stimulus program and then spends most of the money. That trend may help retail sales for the current quarter, but it will not help companies like Gap (GPS) and Dillard's (DDS) over the longer term.

The bump-up in retail sales may also mislead investors into thinking that it is safe to wade back into retail shares which have been depressed since the last holiday season.

Read the whole story: 24/7 Wall Street

A taxpayer gets a refund check under the new stimulus program and then spends most of the money. That trend may help retail sales for the current quarter, but it will not help companies like Gap (GPS)...
A taxpayer gets a refund check under the new stimulus program and then spends most of the money. That trend may help retail sales for the current quarter, but it will not help companies like Gap (GPS)...
 
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- jsgaetano I'm a Fan of jsgaetano 216 fans permalink
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When GWB was president, a false recovery signal had everyone screaming "ITS TEH BUSH BOOM!!!1!!!"

When Obama is president... everyone is "warning" that improvements in the economy "could be false".

Stay the Course, Goopers. THIS is exactly why you guys are out of disgraced and out of power.

    Favorite    Flag as abusive Posted 04:25 PM on 04/14/2009
- OilWarsDotCom I'm a Fan of OilWarsDotCom 9 fans permalink
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Annnnnnnnnnnnnnd the crap they buy is from Communist China - Where will the USA get a clue? Bring the "lost"jobs home NOW, obama!

    Favorite    Flag as abusive Posted 10:17 AM on 04/14/2009
- Sunshine1970 I'm a Fan of Sunshine1970 3 fans permalink
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What refund?! We ended up paying in almost the amount of our stimulus check last year. Husband took two days to go over & over & over the numbers and came out with the same thing. Good thing we had put it in our savings and didn't touch it, just in case.

    Favorite    Flag as abusive Posted 09:50 AM on 04/14/2009
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