That's adjusted for population growth and inflation.
More at Mish's place, including December's very lousy sales numbers.
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Wisconsin native. "The true soldier fights not because he hates what is in front of him, but because he loves what is behind him."--GKC "Liberalism is the modern and morbid habit of always sacrificing the normal to the abnormal" --G K Chesterton "The only objective of Liberty is Life" --G K Chesterton "A man can never have too much red wine, too many books, or too much ammunition." -- Rudyard Kipling
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1 comment:
Truly ugly data.
Not for the faint of economic heart.
Terrible data for the unemployed.
Truly ugly.
Coincidentally mimicks market investments whose values and returns have not budged in the same ~12 years.
Year after year...the same old Christmas shopping lies and bullshit...until truthfully adjusted.
Ugly.
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