Excerpts: You won’t hear CNBC, Bloomberg, the Wall Street Journal or any corporate mainstream media outlet reference the fact retail sales growth is at the exact same levels as when recession hit in 2008 and 2001. Their job is to regurgitate the message of economic recovery and confidence in the future, despite overwhelming evidence to the contrary.


Retail sales are actually far worse than the 2.4% reported number. Excluding the subprime debt fueled auto sales, retail sales only grew by 1.3% in the last year. The automakers are practically giving vehicles away as their lots are stuffed with inventory. The length of auto loans and the average amount of auto loans are now at all-time highs. The percentage of subprime auto loans is surging to record levels, as defaults begin to rise. The percentage of vehicles being leased is also at an all-time high. To call these “auto sales” strains credibility. These people are either perpetually renting their vehicles or just driving them until the repo man shows up.


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Rocky
I believe this. Personally, if I don't buy from Amazon or an online vender, I don't get it. Why would I want to leave the house when I can click my money away!
  • August 16, 2015
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Safari Woman
It has a lot to do with malls I'm sure but this is about the whole retail sales data.
  • August 16, 2015
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Walter D.
Just like the fraud in the white house.
  • August 17, 2015
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Linda Mihalic
Malls are dangerous = you are asking for gang violence.
  • August 17, 2015
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GodAlwaysWins
Beachwood mall used to be so lovely; now the hairdressers get mugged going to their car and inside it's like a section 8 hootchie momma, baby daddy convention
  • August 17, 2015
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