2014’s “Robust” Jobs Market Produced No Wages, And Now No Spending
by Tyler Durden
ZeroHedge.com
01/14/2015
For all the hype about jobs and the booming (GDP) economy, the major portion of the retailer calendar around Christmas was a total bust. In many ways it was worse than last year, which emphasizes simply how the business “cycle” as it was understood in textbook economics no longer applies. In other words, the dichotomy between growing pessimism in credit/funding and economists is due to the continued failure of the economy to produce what economists expect.
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