Msg. 07645 of 65535 (This msg. is a reply to
07630 by
capt_nemo)
Jump:
Are you suggesting that if the minimum wage had been increased that spending would have gone up and therefore the recovery would be more robust? Gee, what a concept...
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.
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