The "American Dream" Is Over... And Voters Know It
Submitted by Charles Hugh-Smith of OfTwoMinds blog,
If the American Dream depends on skyrocketing debt built on a weakening foundation of stagnant productivity and income, then it is indeed over.
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US Federal Reserve
Credit Card Data Reveals First Core Retail Sales Decline Since The Recession
While we await the government's retail sales data on December 11, the last official economic report the Fed will see before its December 16 FOMC decision, Bank of America has been kind enough to provide its own full-month credit card spending data.