Retail Sales Were Bad; The Reality Is Catastrophic

Apr 18th 2020 6:30pm EDT

Retail Sales Were Bad; The Reality Is Catastrophic Last week’s retail sales print was – just like the rest of recent economic data – dismal, with the year-over-year drop of 6.2% the largest since September 2009. Alas, it appears that the government data may have dramatically underrepresented the full severity of the recent plunge.  As […]

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