Ghost of Igloi wrote:
OK. Retail and auto sales down. Deteriorating and maxed out credit. Fed and Government policies accelerated demand forward. Formerly bankrupt buyer of the house I sold in 2014 bought it for $500 down, when 18 years before I put down over 30%. One reason the average 401k balance is $14,000 and most can’t handle a $500 emergency.
retail is not down, as far as I know. Same store sales have been consistently tracking at plus 3-6%. But there are other measures of retail that may not be as strong.
Data, per favore.