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
CBO: Federal Deficit declined Sharply in October and November compared to last year - From the Congressional Budget Office (CBO): Monthly Budget Review for November 2013 The federal government ran a budget deficit of $231 billion for the fir...
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