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The retail sector reports that sales for June, for stores open at least one year, gained an anemic 0.1%, the slowest rise since August 2009.
This was the third month in a row of significant weakness in the retail sector!
When compared to the 6.7% rise in sales in the same period last year for the retail sector, this 0.1% rise in retail sales from last month reveals how weak consumer spending in this supposed economic recovery is.
Remember, dear reader: 70% of gross domestic product (GDP) is composed of consumer spending.
The retail sector reports that sales for June, for stores open at least one year, gained an anemic 0.1%, the slowest rise since August 2009.
This was the third month in a row of significant weakness in the retail sector!
When compared to the 6.7% rise in sales in the same period last year for the retail sector, this 0.1% rise in retail sales from last month reveals how weak consumer spending in this supposed economic recovery is.
Remember, dear reader: 70% of gross domestic product (GDP) is composed of consumer spending.
the big fat false economy is rearing it's ugly head again..
When you have a consumer based economy full of consumers not spending what else would they expect ?
Too bad all those low paying retail jobs can't support healthy retail sales. The fake economy is such an inconvenience for Barry... The only hope is to prop it up with more money we don't have...
The US retail sector is now at its lowest level since the summer of 2009.
So, we're just set on pretending that the US economy exists in a vacuum, disconnected from a faltering global economy? And that the President must compromise with an openly anti-Obama Republican party, even when Obama is taking previously Republican stances?
Why is there so much mud slinging without regards for context?
I'd have went with "over the cliff" but I guess "trench" will do.
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