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…
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