Retail sales are held up by only two sectors. The rest are sinking.
Bank regulators have been warning, now it’s happening.
A red flag that’ll be highlighted only afterwards as a turning point.
So who the heck are the Really Great Ones?
And American Apparel shuts down.
Even in “rich countries,” more and more people “are no longer willing to tolerate the status quo.”
Pundits sent back to the drawing board.
It blames the Fed & Bernanke; the dark side of “healing” the housing market.
Many of them say they won’t. And they can’t.
The numbers are out. Even Japanese consumers, supposedly suffering from deflation, are getting whacked. No one escapes.