Posted on 08/18/2015 6:40:15 PM PDT by Lorianne
The government issued their monthly retail sales this past week and four of the biggest department store chains in the country announced their quarterly results. The year over year retail sales increase of 2.4% is pitifully low in an economy that is supposedly in its sixth year of economic growth with a reported unemployment rate of only 5.3%. If all of these jobs have been created, why aren’t retail sales booming?
The year to date numbers are even worse than the year over year numbers. With consumer spending accounting for 70% of our GDP and real inflation running north of 5%, it’s pretty clear most Americans are experiencing a recession, despite the propaganda data circulated by the government and Fed. The only people not experiencing a recession are corporate executives enriching themselves through stock buybacks, Wall Street bankers using free Fed Bucks while rigging the the markets in their favor, politicians and government bureaucrats reaping their bribes from billionaire oligarchs, and the media toadies who dispense the Deep State approved propaganda to keep the ignorant masses dazed, confused, and endlessly distracted by Cecil the Lion, Bruce/Caitlyn Jenner, Ferguson, and blood coming out of whatever.
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.
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These are items I would have gone to Sears or the local hardware store for just a few years ago.
One goes to Sears/hardware stores nowadays and many replacement items cannot be found. Sears usually directs you to their online 'store'.
I too have dozens of online purchases delivered any given year. Just this month went to Lowes for an appliance and found a more current model (with more attachments) online at a much lower price.
I’m sure the fact that 25% - 30% of US adults are out of the workforce has nothing to do with these retail results.
Just another reason to get out of Kalifornia.
+1
70% of GDP is buying crap made elsewhere and we wonder why wd are in trouble.
yep, that’s the way I see it.
Yes, that to.
But how many people go shopping in areas like those those areas of Baltimore during the riots?
People getting robbed or beaten up at shopping malls ?
The way society is even driving on the roads ?
dear vermont,
In retail, you either have high-schoolers, those that don’t want to flip burgers, single moms, or queers.
The only thing JC Penney has going for it, is it’s Stafford line of suits, shirts, slacks, and outerwear, for the office.
Now, with a lot of the aforementioned stores going down, it is because they are behind this queer-crossdressing-no boys-no girls thing.
And lastly, a lot of these stores have created a place for themselves, in a “gun free zone” mall.
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