Welcome to Motley Full Money. I'm Priscilla and I'm joined by Motley Full Senior Analyst

Seth Jason, James Early, and Shannon Zimmering. Guys, happy Friday. Happy Friday to you,

and I make Chris.

On this week's show, AOL regains its independence, Goldman just says no, and Yahoo scores with

Tiger Woods. Then again at this point. Who hasn't? Let me begin with Friday's better than

expected retail numbers. The Commerce Department reported retail sales increased 1.3 percent

in November. Largest increase since August. Shannon, what was your takeaway for investors?

A takeaway is this. As with last week's unemployment ticked down. This is at least at a glance,

good news. It certainly warrants a lot of security just in terms of the methodology that

they use to collect this information. But at a glance, I think it's good news. I don't

think the news is good enough though. We had an event from one of the services that I run

here. One of our colleagues, David Meyer, did a fantastic presentation about the case

for deflation and inflation. The scariest slide was the level of reserves that banks have

on reserve at the Fed right now. They're not lending. As the credit market goes, so goes

consumer spending. The uptake is nice. I don't think it's sustainable.

James?

I would say that my faith in humanity has been restored, but it hasn't. I'd prefer if

we saved more and didn't spend, but we're really not spending as much as we think we

are. The gas was way up in terms of gain. So it was cars. I think the actual retail gain

was only 0.6% if you take out gas and cars. No, you can't.

Clothing was actually down. What happens if you take out bacon? That's a good question.

Clothing was actually, I did work with a guy once. His name is not Shannon. This guy would

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