US retail sales fell 0.3% in Aug vs. 0.1% drop expected: "U.S. retail sales fell more than expected in August amid weak purchases of automobiles and a range of other goods, pointing to cooling domestic demand that could further diminish expectations of a Federal Reserve interest rate increase next week.
The Commerce Department said on Thursday retail sales declined 0.3 percent after an upwardly revised 0.1 percent gain in July. Retail sales in July were previously reported to have been unchanged."
They can't even give the shit away anymore, perhaps that's the real upshot. The Idiot US consumer has eaten his fill from the Govt. trough of chachkis, and what remains are the ones who aren't buying the "new car", "new house", "new reaming" story!
Here comes helicopter money! Let the good times roll with just throwing cash at us! All aboard for the final stage of Fedonomics !
'via Blog this'
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