"Translated into an annual number, and adjusted for inflation; the 0.5% number reported for June is transformed into a collapse in U.S. retail sales at an annual rate of 16%. The 0.2% decline reported in May becomes a plunge of well in excess of 12% (annually). Which of these numbers "misleads" people, and which informs them?"
U.S. Retail Collapse Accelerates by Jeff Nielson:: lewrockwell.com/orig13/nielson2.1.1.html
https://chumly.com/n/15373a8
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