Star Trek and Lessons of the Detroit Bailouts

By Barry Ritholtz - June 17th, 2009, 10:30AM

I discuss Bailout Nation with Aaron Task and Henry Blodget at Yahoo Tech Ticker:

Source:
Mirror Image: Star Trek and Lessons of the Detroit Bailouts
Aaron Task, Henry Blodget
Yahoo Tech Ticker, Jun 16, 2009 04:41pm EDT

http://finance.yahoo.com/tech-ticker/article/265036/Mirror-Image-Star-Trek-and-Lessons-of-the-Detroit-Bailouts;_ylt=Aj9OQTs7qqqpW6vVUFHV9Jlk7ot4?

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Category: Bailout Nation, Video.

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Macro Notes

Retail sales mixed relative to expectations
Peter Boockvar

Retail Sales in Jan rose .4% headline m/o/m, .7% ex auto's, .6% ex auto's and gasoline and .7% at the core. The headline figure was less than expected while the rest were slightly better. But, with respect to non headline sales, because Dec figures were revised lower, taking the two months together were about in line with forecasts overall. Sales rose in electronics, building materials, food/beverages, clothing, sporting goods, dept stores and restaurant/bars and fell interestingly for online retailers, health/personal care, furniture and motor vehicle/parts. Bottom line, headline sales were below expectations due to the greater than expected fall m/o/m...

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