CHART OF THE DAY: Wait, Is That A "V"?

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Something weird here… The retail sales rebound certainly looks like a “V”.

But weren’t consumers supposed to be dead? Yeah, you thought so, and that’s the sound of your pre-conceived notions being blown up.

(Note that we’re almost past the peak, all-time month for retail sales).

chart of the day, retail and food services sales, dec 2010

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