RETAIL SALES PLUMMET FOR 3RD MONTH IN A ROW, BUT ALL IS WELL ON WALL STREET
James Quinn
TheBurningPlatform.com
12th March 2015
I thought all those Obama jobs, the millions of Obamacare enrollees getting “free” health insurance, and the plunge in gas prices would lead to billions of excess disposable income being spent on stuff. Considering consumer spending accounts for 68% of GDP, this juggernaut of jobs would propel the US economy to new heights. Keynesianism at its finest. But something went awry on the road to prosperity. The American people have stopped spending money they don’t have on shit they don’t need. The blathering boobs on the tube will use the tried and true weather excuse, except last winter was the winter of the polar vortex. The very same morons who reported that this past winter was the 15th warmest in recorded history, will use cold and snow during winter time as the reason the American sheeple didn’t shop. How could they possibly get to the mall in their leased four wheel drive SUVs, pickups, and minivans?
Retail sales have fallen three months in a row. The last time this happened was at the beginning of the 2008 financial collapse. Do retail sales fall three months in a row when the economy is booming, or does it do that when we are in a recession? And these haven’t been miniscule drops: December -0.9%, January -0.8%, February -0.6%. If we dig into the numbers we can assess the truth of our current situation:
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