Feb 19, 2019

More Signs Of Economic Weakness

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.

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