Despite record incentives, sales decline speeds up, inventory bloat spreads to zombie malls.
The economy depends on them, but they’re cracking.
Lousy consumer spending and the “weather.” Inflation hits Fed target.
Regular prudent savers and government guarantees to the fore.
I hope the forecasting model is broken.
The American economy has split in two: how averages of wealth and debt obscure the profound risks.
From bad to worse, hammered by retail sales and inflation.
This thermometer for discretionary spending is the first to react when consumers hit their limits.
But don’t blame the oil bust.
I hope the model is wrong.