"Tempered spending by Americans of most income levels means the economic recovery is having a harder time gaining steam. Rosenberg says that at this point of the economic cycle -- two years and 11 months since the recession began -- things should be much better.
Retail sales are off by 2.6 percent since the recession began in December 2007. That's a stark contrast to the last 60 years. At this stage in an economic recovery, retail sales on average were up 25 percent, according to Gluskin Sheff. Retail sales include food, autos, clothing, furniture and electronics."
There are lies and damned lies
When using the "household" employment survey,, it shows not a gain of 151,000 jobs but an October loss of 330,000. That would 1.1 million in the last 5 months alone!
Remember MSM hyping the FRi jobs data, how did we create these 150,000 when the weekly claims number is STILL above 450K? 400k is consistant with low job growth.
Noone will ask the questions, no changes will be made,leadership goes ahead with debasement $ theme and FED QE.....GD help us if it doesnt work , well I mean it isn't working...
D
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