consumer spending

The Income Deficiency of The Fed’s Purported ‘Full’ Employment

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Q1 GDP Revisions Don’t Change The Great Dislocation

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Inside The Retail Sales Report——–The Slump Continues In May

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What Full Employment? The Inventory Math Refutes It

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Careening Toward Disaster——China’s Consumers Can’t Make Up The Slack For Slumping Malinvestment

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The Slowdown Stumbles On——More Bits And Pieces Pointing Down

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Mind The Seasonal Maladjustments And Other Statistical Shennanigans—Investment Risk These Days Includes The Census Bureau

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The Feds Fess-Up: Industrial Production Revisions Have Erased The Recovery

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Retail Sales Do Add Up—-But Not In A Good Way!

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The March Trade Fiasco——Proving Yet Again Global Weakness Starts Here

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