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Reuters is "surprised" that US Retail sales fell in May
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Reuters is "surprised" that US Retail sales fell in May


Jun 15, 2022, 9:20 AM

They are gonna be "gobsmacked" when the June numbers come out.

https://www.reuters.com/markets/us/us-retail-sales-unexpectedly-fall-may-2022-06-15/
U.S. retail sales unexpectedly fall in May
U.S. retail sales unexpectedly fell in May as motor vehicle purchases declined amid shortages, and record high gasoline prices pulled spending away from other goods.
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Re: Reuters is "surprised" that US Retail sales fell in May


Jun 15, 2022, 9:34 AM

The left's income redistribution is underway. The packed carts at the grocery stores are the EBT card holders.

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So much is "unexpected" or "mysterious" these days.


Jun 15, 2022, 10:05 AM

It's sad the fed is so far behind the ball, as is everyone else. This shows that supply limitations have caused inflation, which was responded to by rising wages, which have now tapped out. Inflation is now rising faster than wages, so consumption slows, GDP declines, as does consumer spending. Inflation is not an overheating economy, it's all supply and demand. Leave inflation alone and it causes a recession. We left it alone.

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