Retail sales data confirms what many already knew—the economy was juiced to mask deeper problems. Now, as stimulus runs dry, the lower-income consumer is collapsing. The administration’s money-printing spree fueled corruption, not prosperity.
Chicago Fed retail sales data shows the consumer hit a wall in January (-.4%) and fell off a cliff in February (-.8%).
The Fed is beyond clueless at this point.
The consumer, particularly, the lower income one, is totally tapped out. pic.twitter.com/JRICVs5yxw
— Real Developments, CFA (@pdubdev) March 13, 2025
Yes, it’s a month over month change.
Annualized that’s -12%
— Real Developments, CFA (@pdubdev) March 13, 2025
Dollar General CEO warns consumers are cash-strapped, and says 2025 won’t be better
Government spending needs to be excluded from GDP as it takes money from the owner and his priorities to partially fund(debt i.e future taxes fund the rest) the travesty we see today.
It is a reporting fraud that puts Enron to shame.
h/t FXPhillips
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