2008 Holiday Retail Sales Forecast: In the Bleak Midwinter
Bruce A. Huhmann
The 2008 holiday season looks to be the worst in over 15 years. The current economic conditions and the financial difficulties facing consumers will make for a very unmerry Christmas for retail sales. Therefore, I forecast weak growth in the fourth quarter of 2008 of about 1.1% nationwide for combined home improvement, non-store, and GAFO (i.e., general merchandise, apparel, furniture and other non-auto or food retail sales).
Complete Article: 2008 Holiday Retail Sales Forecast: In the Bleak Midwinter
Options for Managing Oil and Gas Revenue Volatility to RSTP Meeting
Tom Clifford, Director of Research, New Mexico Tax Research Institute
At the September meeting of the Revenue Stabilization and Tax Policy Committee (RSTP), The New Mexico Tax Research Institute (NMTRI) presented an update of recent trends in energy markets and discussed the state’s options for managing increased revenue volatility due to high energy prices.
Complete Article: Options for Managing Oil and Gas Revenue Volatility to RSTP Meeting
Christopher A. Erickson and James Libbin
Complete Article: Talking Points