America - We Have A Problem

If "everything is awesome'... and 70% of the US economy is personal consumption... and Q1 weakness was all weather and port related? Then why are these charts doing this...

 

Retail sales growth has fallen and can't get back up...

 

And Wholesale sales have collapsed...

 

Perhaps, just perhaps, it really is all a big con and all the Fed really has is "confidence trickery" as a policy tool (and a horde of group-thinking, status-quo-beholden talking heads to 'confirm' anecdotes).

Comments

No comments yet! Be the first to add yours.