The following chart shows the monthly growth in inflation adjusted retail sales.
Click to enlarge.
You can blame the trend line in red on the hurricane if you like, but blaming the overall slope of the blue trend line on the hurricane will be a lot more difficult.
In any event, the trends are not our friends. If they continue then it is only a matter of time before we're knee-deep in a recession again.
St. Louis Fed: Real Retail and Food Services Sales
Final May Consumer Sentiment at 90.7, Chicago PMI declines Sharply - [image: Consumer Sentiment] *Click on graph for larger image.* The final University of Michigan consumer sentiment index for May was at 90.7, up from the p...
2 hours ago