In a surprise move, retail sales jumped in during the month of September. This news comes a day after most retailers projected lower than expected earning for the current and future quarters because of decreased consumer spending, but the retail numbers were held up by increased automotive sales.

This unexpected increase in auto sales is a good indicator that people are still spending their money and keeping the economy running smoothly. Most people are calling for decreased consumer spending through the holidays, but I think we will see a resurgence in high ticket items being purchased as a sure to come price war breaks out on LCD and Plasma televisions and other electronics during the after Thanksgiving sales extravaganzas at retailers all over the nation.

[tags]retail sales, auto, consumer spending, thanksgiving, sales, electronics, lcd, plasma, shaun cater, economy[/tags]