Bushonomics 0
Marketwatch:
Analysts see a fourth consecutive month of falling retail sales. A fourth drop would be the first time there has been such an extended decline since 1974.
For September, the Commerce Department reported that U.S. retail sales fell 1.2%, with weak results in almost all kinds of stores. For October, economists surveyed by MarketWatch are looking for a drop of 2% — the biggest decline since 2001.
There is considerable pessimism at CIBC World Markets, where analysts are looking for a 2.5% decline.
As I pointed out a long time ago, it’s the Bushie Midas touch.