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WHAT RECOVERY? XMAS IS A BAH-HUMBUG FOR AMERICANS

Katherine Poythress of the San Diego Union-Tribune reports that nationwide, retail sales reveal the abysmal state of the economy.

_"Retail traffic plummeted 21 percent last week, and in-store sales decreased 3.1 percent from the year before*, dashing retailers' hopes that the final stretch before Christmas would offset soft sales numbers earlier in the holiday shopping season."





That data comes from ShopperTrak


In spite of the continued cheerleading from many, it is hard to not see that Americans have been living in depression times after a long credit boom followed by a banking crisis and then a long reckoning. 


Reuters reporters are telling an alike story.