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News Archive
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May 24, 2010
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Global Asset Allocation themes pt2
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September 20, 2007
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Oil becoming a risk to consumer
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Retailers outlook
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August 13, 2010
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It is no wonder that the retailers have performed poorly. Disposable income and retail sales have fallen significantly over the past year as a combination of rising mortgage rates and unwinding of government handouts has taken its toll on year-ago comparisons.
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However, if we expect employment growth of 1.5% in the year ahead (down from 3%), wages growth of 4% and mortgage rates to rise only another 30 bpts, gross disposable income could grow by over 5%.
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