S2 E8: There is NO Debating the Current Health of the Economy!

Send us a textThere was a mind-numbing Presidential debate this week on national TV, but there is NO "debating" the facts:Fact -- the US consumer is cocooning, cutting back discretionary spending amid a depletion of savings, maxed-out credit cards, and "real" wages that barely keep pace with (still high) inflation. "Real" (inflation adjusted, in dollar terms) Retail Sales have been NEGATIVE for five consecutive months, in 19 of the last 20 months, and in 24 of the last 27 months. That is a FA...