In the history of the retail sales figures, when they have gone down for 3 months in a row, as they just did, you are in or within 3 months of a recession 25 out of 27 times. Also note that nominal retail sales have fallen 1.4% since March, which is not very reassuring:
Gary Shilling: We are in or within 3 months of a recession
Info Post
0 comments:
Post a Comment