Monday, November 16, 2015

RETAIL SALES..........ANOTHER PESKY FACT!

RETAIL SALES

Even the most brainless twit on CNBS can see that we are presently in a recession, despite the rhetoric and propaganda being spewed by the dying and lying legacy media. Look closely at where retail sales peaked and began to fall. Quantitative easing stopped on October 29, 2014. Shockingly, retail sales began falling and haven't stopped. The trillions of fiat printed since 2008 has solved nothing.

Total retail sales grew a minuscule 0.1% from September and only 1.7% versus last year. It's even worse than it looks. When you back out the subprime auto loan spurred auto sales (long term rentals), retail sales grew only 0.5% over last year.  That is far less than true inflation, so on a real basis retail sales are FALLING like a rock. This only happens during recessions. And it isn't a one month thing. Retail sales, even including loan boosted auto sales, are flat over the last three months and up only 2.1% for the first 10 months of the year.

Doctor Bernanke and doctor Yellen injected a massive dose of adrenaline into a patient with cancer. The patient showed the appearance of recovery...but the cancer has metastasized and spread through the entire system. Competent doctors would have cut the cancer out by allowing bankrupt banks to liquidate and purging the system of cancerous debt. Instead they took steps to promote the proliferation and spread of the cancerous debt. Now the patient is terminal.

If it looks like a recession, walks like a recession and quacks like a recession, it's a recession.


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