US Retail Tanks … Again

ECONOMY GOES … PFFFFFFT

|| By FITSNEWS ||  WTF, economy?  Another month and America’s promised “consumer renaissance” still has yet to materialize …

After taking an unexpectedly vicious beating to close out 2014, retail spending has tanked once again … dropping 0.8 percent in January (after a 0.9 percent decline in December), according to U.S. Commerce Department data.

That’s the worst back-to-back showing for retail since October 2009 – when America was in the throes of the “Great Recession.”  It’s also twice as steep a decline as economists were anticipating.

Oh, and it’s also further evidence that low gas prices aren’t stimulating squat (hmmmm … wonder why).

“The tone of this report was disappointing as it points to a weak start to spending activity this year, despite the significant boost to disposable income from lower gasoline prices,” one analyst told CNBC.

Again … WONDER WHY.

The American economy is softening, people.  It just is.  And the politically driven wealth redistribution keeps rolling right along … as the red ink rises.

Good times, huh?  Yeah …

Of course if you’d prefer to continue believing “everything is awesome,” well … the rainbow and unicorns crowd has got you covered.

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