Retail & real estate data showing concerning weakness
Thursday, June 2, 2016, 8:31 PM
- Rolling Over
- Auto and trophy homes sales are softening
- BS From The BLS
- Its statistics look increasingly falsified
- Rigged Elections, Rigged Markets
- It's All About The Debt
- And the system can't take too much more of it
This week Chris and John note with interest the growing number of signs across the corporate landscape that the economy is indeed rolling over. Don't expect to see this supported by the stats issued by government agencies like the BLS, though -- their output is becoming blatantly bastardized with phony 'adjustments', all made to give the impression everything is still rosy.
And while the delusions will continue as long as they can be stretched out by the authorities, Chris and John both expect reality to start intervening shortly -- especially as it relates to the massive debt bubble that has built up.
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