Look at the data coming out: (we had) the biggest drop in retail sales
in one month since
2009 when we were in the Great Recession.
Look at the numbers we
got out on delinquencies in
auto loans: they are at an all-time record high, on people who are 90 days or more behind in
their car payments.
I just read today
that restaurant sales are falling now
for four out of the last five months at
the fastest pace in more than 25 years. That means that restaurant sales now are
weaker than they were in the 2001 recession or in the 2008 recession.
