Slumping Retail Sales Mark Death of QE’s Promise and Premise

The retail sales data series (and all of the subseries) have been revised with a new benchmark.  If you believe in economic growth then the revision should have been upward by at least a significant amount.  Instead, the updated view of retail sales is actually less than the brutal results we thought the first time [...]
To access this post, you must purchase Monthly Subscription, Quarterly Subscription or Annual Subscription.