Sunday, January 17, 2016

Walmart! Macy’s! When will they finally admit consumers are broke?

Only on CNBC, and in the research rooms of the big banks, could Ivy League analysts have the temerity to spin consumer spending and retail data to be a vision of unicorns and rainbows (and don’t forget the skittles).  But for those looking at information at face value, it is impossible to deny that the economy is in recession.
And one of the data points that practically assures this truth is what is happening to retailers just weeks after the end of the Christmas holiday season.


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