Retail Sales Bloodbath: Control Group Has First Decline Since “Polar Vortex”
by Tyler Durden
ZeroHedge.com
10/15/2014
It may come as a shocker to some, but hopefully not to anyone here, that September retail sales were arguably the worst of the year excluding the “abortion” that was the Polar Vortex. The simple reason: after the US consumer loaded up on debt in the spring and the summer, the payback hangover has finally hit with the payment due in the mail resulting in a collapse in revolving credit as reported previously, and as the September retail sales just confirmed.
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