Are U.S. Retail Sales Collapsing?
Former JPMorgan Chase Global Chief Economist, and Ph.D in Economics
The short answer is no. Sales are slowing but not imploding! Monthly retail sales fell -0.6% in November 2022 after rising +1.3% in October 2022. Many have said it is easier to show something in a picture than to describe it in a long discourse.
Given this narrative, the salient question of the day is whether U.S. retail sales (usually reported in …
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