A diary of the thought process behind my investment decisions
Weekly Chain Store Sales Weak
Weekly chain store sales came in at -2.5%. Is the economy suddenly slowing? I think the largest factor is that comps are getting harder as the economy started recovering this time last year. Everyone was heralding the US consumer in March when we were comparing against the depths of the recession. The measuring stick is what has changed. I continue to expect a second half slowdown as comps get tougher and stimulus begins to decline. A renewed credit crisis is also a possibility.