Well Well, Retail Sales Down In December

Remember all the hype about how well holiday sales were doing? I guess they were wrong. And of course my last blog post was about how even these numbers are too rosy. Makes you wonder if there will be a double dip recession with all the downward pressure of deleveraging and loan unwind.
clipped from www.bloomberg.com
Jan. 14 (Bloomberg) -- Sales at U.S. retailers
unexpectedly fell in December following a bigger gain than
previously estimated the prior month, highlighting the risk
that the largest part of the economy will be slow to recover.

blog it


Popular posts from this blog

Learn Economics

The Unholy Alliance of Big Banking, Neocons, Big Media and Israel

John Mauldin Discusses What Could Go Wrong