U.S. retail sales fall second month in a row
2 days ago - By Fashion United
Reuters has reported that U.S. retail sales have fallen a second straight
month in a row. Retail sales declined in June, tempering expectations for
acceleration in economic growth for the second quarter.
The Commerce Department said that sales fell 0.2 percent, caused by
declines in receipts at service stations, clothing stores and supermarkets.
Americans also cut back spending on restaurants, bars and hobbies.
There are signs that a recession could be upon us (auto delinquency rates
surging, Americans living paycheck to paycheck, subprime borrowing, etc.)
However, the U.S. is far from...
Read more ...
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