Target warns for next quarter ! The consumer is running out of money as this fed induced
reflation has only benefited the 1% warren buffoon and the wall st banksters and not the common man
who comprised 70% of the economy. They tell you inflation is 1/10 of a percent last month while gasoline has
risen for 25 days in a row up 20% to 25% in 1 month.. All that money along with soaring food prices is taken out of consumers hands to spend on non essentials which is where target makes most of it's profits...
The average monthly price of gas was higher in the summer of 2008, long before there were rate cuts. The price then plunged but I don't think that benefited the "common man" you profess to care about. Plus most tax-paying americans have some money tied to the market directly or indirectly, whether in pensions, mutual funds, IRAs, 401(k)'s, insurance, etc.
Oh, and definitely the payroll tax increase hurts (and the cut helped the last couple of years), but another effect is that partly because they pushed back the deadline for broker 1099s, people are filing returns later this year and getting refunds later.