Black Friday Mirage Hides U.S. Retail Depression
Even though U.S. shoppers were lethargic on Black Friday itself (when supposedly the best of the bargains are available); we're led to believe they went on a "spending" rampage after Black Friday. But here we see the propaganda machine moving the goal posts. "Total spending" is not the same thing as "retail sales."
Going to a movie, or a bar, or a restaurant over the course of a long week-end is not "retail sales." Clearly the propaganda machine is now pumping "total spending over the Black Friday weekend" to hide another Black Friday Massacre for U.S. retailers. As noted earlier, with actual retail sales flat (at best), this means that U.S. retailers sold between 10% and 20% less goods than one year ago. But that's only the latest in a series of horrendous numbers.
Go a little further back and the numbers are even worse. Official retail sales fell for
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV