Investment and Humor Blog Devoted to Lost Souls Searching For a Home.
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.