Black Friday Mirage Hides U.S. Retail Depression
Selling less and less goods each month is a terrible problem for U.S. retailers. Selling less and less goods for less and less profit is a certain road to bankruptcy. With fewer Americans working each month, with those who are working making less than half the wages that workers earned 40 years earlier, and with consumers already loaded up to their eyeballs in personal debt, it's no wonder that actual U.S. retail sales are plummeting downward at a depressionary rate.
What is amazing is that anyone still believes the doctored numbers and absurd spin from the mainstream media.
This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
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