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.
Stalled Economy Performs Wealth Miracle, reports the Fed.
It’s not just the oil bust.
Though it cannibalizes the rest of the economy.
Now in San Francisco, New York, Boston, Chicago, Washington DC, and perhaps a city near you.
In turn, households get a feel-good illusion.
The “Trump Effect?”
Back to the Retail Quagmire. Gloom for brick-and-mortar stores.
They no longer shop till they drop.