Wednesday, July 18, 2012

Gary Shilling: 25 Out Of The Last 27 Times Retail Sales Collapsed Like This We Were In A Recession

The Business Insider reports on what Gary Shilling said:
"You look at retail sales there were negative for three consecutive months, April, May, June. That's happened only 27 times there were first reported in 1947 and in 25 of the 27 it was in a recession or within three months of a recession."

Just a reminder, the next time the liberal media tells you things are getting much better.