​Reiterating The Red Flags In The Latest Retail Sales Report – Tyler Durden

Reiterating The Red Flags In The Latest Retail Sales Report Authored by Lance Roberts via RealInvestmentAdvice.com, The latest retail sales report seems to have given Wall Street something to cheer about. Headlines touting resilience in consumer spending increased hopes of a “soft landing” boosting the stock market. However, as is often the case, the devil is in the details. We uncover a more troubling picture when we peel back the layers of this seemingly positive data. Seasonal adjustments, downward revisions, and rising delinquency rates on credit cards and auto loans suggest a more cautious view. The consumer—the backbone of the…  — Continue at ZeroHedge News : Read More