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May's Retail Sales Depressed Q2's Real GDP
May's retail sales was weak in current dollars (-0.3% m/m) and even weaker in real dollars…
Consumer
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Uncle Sam Isn’t Santa Claus
Following Friday’s CPI shocker, the financial media seem to have concluded that the Fed will have no choice but…
paid
Mortgage Applications Falling, Consumer Credit Balances Rising
The housing market may be falling into a recession, but consumers continue to spend—though they have needed to borrow…
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Don't Bet Against American Consumers
How much pain at the pump can consumers take? The national retail price of a gallon of gasoline soared to $4.59 during the May 16 week.…
