Retail Sales Figures Weak. It's Obamalaise!
from Lance Roberts at Stawealth.com:
"As you can see the trend in the data is clearly weakening and is
unlikely to change much in coming months as higher healthcare costs, and
taxes, weighs on consumer's disposable incomes."
"Retail
sales are not currently indicating that the consumer is about to "drop
kick" a game winning field goal in the coming year. While the consumer
is definitely "not dead," as evidenced by increased leverage in the
recent credit reports, they are also not currently in the position to
substantially increase demand five years into an economic recovery. My
perception is that the "struggle through" economy is likely to remain in
2014 which will disappoint the economic bulls."