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Friday, October 14, 2011

Not Too Bad

This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline).  Retail sales are up 18.9% from the bottom, and now 4.5% above the pre-recession peak. . . .

Despite all the dire warnings of an imminent double-dip recession, major economic reports continue to come in better than expected.

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