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.
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.
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