The Commerce Department reported that retail sales rose 0.1% in November. The headline number represents the seasonally adjusted month to month change. Given the vagaries of the seasonal adjustment process, this may or may not be an accurate representation. Considering the tiny size of the statistically massaged rate of change, the odds are pretty high that the impression given by this number is wrong.
Retail Sales Gains on Trumpophoria as Danger Looms
You need to login to view this content.
David Stockman’s Contra Corner isn’t your typical financial tipsheet. Instead it’s an ongoing dialogue about what’s really happening in the markets… the economy… and governments… so you can understand the world around you and make better decisions for yourself.
David believes the world -- certainly the United States -- is at a great inflection point in human history. The massive credit inflation of the last three decades has reached its apogee and is now going to splatter spectacularly.
This will have lasting ramifications on how governments tax and regulate you… the type of work you and your family members will have available and what you get paid… the value of your nest egg… and all other areas comprising your quality of life.