Submitted by Jeffrey Snider via Alhambra Investment Partners,
For all the hype about jobs and the booming (GDP) economy, the major portion of the retailer calendar around Christmas was a total bust. In many ways it was worse than last year, which emphasizes simply how the business “cycle” as it was understood in textbook economics no longer applies. The US economy, indeed the global economy as there are no idiosyncrasies in the globally financialized world, remains stubbornly captured by attrition.
http://www.zerohedge.com/news/2015-01-14/2014s-robust-jobs-market-produced-no-wages-and-now-no-spending
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
| 
