Retail Sales: Don´t forget we´re in a depression

Retail sales had a good month in November, at least when compared with the past several years. From the chart below, you see that the magnitude of the depression, which has been widening, was a tiny bit reduced with the November retail sales print. This post Harvey & Irma surge mirrors the surge in early 2014, which followed winter storms and historic colds of that season´s polar vortex. After that, sales went into a long “sleepy spell”, moving up very slowly. Early this year, they went into “coma”, simply not budging, being awakened by the August/September storms. Although many, even…

This content is for Free Trial and Subscriber members only.
Log In Register

Comments are closed, but trackbacks and pingbacks are open.