Revelation 6:3-4 NCV When the Lamb opened the second seal, I heard the second living creature say, "Come!" Then another horse came out, a red one. Its rider was given power to take away peace (prosperity, rest) from the earth and to make people kill each other (butcher, slaughter, to maim violently, in streets), and he was given a big sword (assassins sword, terrorist, loud, mighty, sore afraid).
Analysts were disappointed with the slow growth in the American retail sector in June.
The seasonally adjusted rate of growth was 0.4%, half the amount expected by most financial analysts. Sales of building materials fell 2.2% in the month according to the commerce department which depressed the overall sales number.
Analysts now say the unexpected decrease will force the Federal Reserve to slow its plan to wean the U.S. economy off economic stimulus.
However, sales for June were 27.5% higher than the level at the bottom of the recession in 2009.
Paul Dales, U.S. economist with Capital Economics, was concerned about the news.
“The disappointing rise in retail sales values in June increases the chances that the GDP grew at an annualized rate of less than 1% in the second quarter,” Dales said. “Even more worrying is that sales growth appears to be losing momentum heading for the third quarter.”
