U.S. Retail Roared?

You might wonder how retail share prices spiraled higher while bread lines were getting longer and longer.

One story:  CNN recently told us that eight year car loans are becoming popular.  Eight year car loans?  Everybody knows that cars today are worthless after five years.  It’s usury folks – and to qualify to buy a brand new car or house you need only be … unemployed.

How many credit card offers have you received by mail recently?  Everybody gets them – gainfully employed or not.  Perhaps a burst of mailed credit card applications creates an uptick in retail sales.  None of it is real folks.  An eight year car loan?  I’ve got a bridge …

Late news flash:  Now we’re told that there was no need to buy a car or a house.  The latest?  Retail share prices roared higher, while retail sales were in FREE FALL, for nine straight months!

Go figure.