Zero Hedge — US Retail Sales Disappoint, Online Spending Growth Hits A Wall As Government Handouts End

Underscores the importance of targeted government spending, that is, direction of flow toward consumer spending (multiplier effect) rather than adding to the stock of savings (neutralization). Attempting to stimulate business investment fails in the face of lagging demand.

Zero Hedge
US Retail Sales Disappoint, Online Spending Growth Hits A Wall As Government Handouts End

Tyler Durden