The Real Signal #58 - US Retail Sales Are Strong

US Retail Sales Are Strong But….

“You'll hear that this chart shows U.S. retail sales are strong.

This is what the chart shows:

- food is more expensive than ever before

- people have much older cars, so car parts are selling well

- people are investing in their homes less (both furniture and building material sales are down)

- office supplies are down, so mo…