Click here to get this article in PDF
Retail sales rose 1% in June after a 0.1% decline in May. Mainstream media breathlessly reported that the jump in retail spending “eases” recession fears. Does it though? The short answer is not necessarily. As CNBC reported, “rising costs for food and gasoline, in particular, helped propel the increase.” Excluding autos, the monthly rise was […]
The post Does the Jump in Retail Sales Mean the Economy Is OK? first appeared on SchiffGold.