Even though first quarter retail sales eked out a small gain in Yelm, there are some economic clouds on the horizon for which our area’s citizens should be prepared, including the start of downsizing at JBLM and this ominous news:
“The US government’s decision to apply more sanctions on Russia is a grave mistake and will only escalate an already tense situation, ultimately harming the US economy itself. While the effect of sanctions on the dollar may not be appreciated in the short term, in the long run these sanctions are just another step toward the dollar’s eventual demise as the world’s reserve currency,” quoting Ron Paul.
– “Taxable retail sales in Washington up 5 percent”
“The state Department of Revenue says taxable retail sales increased nearly 5 percent in the first three months of the year to more than $27 billion.”
Yelm’s 2.93% trails the state’s 5% increase.