The following chart shows the number of employees at department stores divided by the number of employees at nonstore retailers.
Click to enlarge.
For those who believe this time isn't different:
This time it's different.
Yeah, yeah. I just used the four most dangerous words of investing. I hear you. Still thinking them though.
Source Data:
St. Louis Fed: Custom Chart
"The Lock-In Effect of Rising Mortgage Rates"
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Today, in the Calculated Risk Real Estate Newsletter: "The Lock-In Effect
of Rising Mortgage Rates"
A brief excerpt:
Here is new working paper from Feder...
2 hours ago
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