Retail sales lift Wall Street and hopes for economy

SACRAMENTO, Calif. (MMD Newswire) April 16, 2010 - Keith Springer, President at Capital Financial Advisory Services provides commentary to Yahoo! News reporter on how retail sales are driving an economic recovery.

According to Yahoo! News reporter, Leah Schnurr, "U.S. stocks gained on Thursday after surprisingly strong March retail sales increased optimism that the economic recovery is on track."

"Investors snapped up retailers' shares after top U.S. chains reported a record year-over-year increase in same-store sales for March," continues Schnurr. "The sales reflected a boost in consumer demand that some investors had doubted would materialize, with job growth still anemic."

Keith Springer responds that, "Retail sales are the whole backbone of the entire recovery."

"The whole premise is, if consumer spending and retail sales maintain anywhere close to where they were a couple years ago, then that will be a true recovery."

Check out the full article http://www.keithspringer.com/article91.htm

To view more media interviews visit www.KeithSpringer.com and click the "Keith in the Media" link, email This e-mail address is being protected from spambots. You need JavaScript enabled to view it or call (916) 925-8900

Keith Springer is an SEC Registered Investment Advisor who frequently provides commentary and analysis for various global and national media outlets. He has developed a proprietary process for successfully building tax-efficient retirement portfolios and has been providing specialty wealth management services for over 25 years.

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