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Retail sales fall by record amount in October-AP-Yahoo!News

http://news.yahoo.com/s/ap/economy

The retail crisis I predicted a couple of months ago is here. Unless the government props up many retailers with even more corporate welfare, this crisis will be be dire and historically unprecedented.

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SteveMT's picture

It does not matter what businesses are proped up...

we the people are not in a spending mood. Either the people have been listening to the gloom and doom forcasts, or they are broke/out of work, or perhaps only buying things that matter and not reported. The businesses that are doing well are Smith and Wesson, Glock, Mossberg, etc. Will we ever see these headlines?: "Gun companies/weapons manufacturers expanding operations" or: "Heavily Armed Citizens Take Back America."