Thursday, June 8, 2017

It's Not Just Retail That's Changing. It's Us.

Despite record highs in the markets, bad news about consumers has been relentless: malls are closing; consumers have accumulated too much debt; incomes are stagnant. None of this bodes well for future consumer spending and economic growth.

This is the established narrative -- fairly straightforward, based on well-understood data.. . . more

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