Epic Retail Sales Plunge In Greece


From Markit:


Photo: Markit

And of course, Scotty Barber at Reuters has the definitive chart.


Photo: Scotty Barber, Reuters

The key thing to remember here is that this is all basically just negative numbers porn. Or “recession porn” as Barry Ritholtz calls it.

A 15% collapse. A 12% collapse. It’s all kind of the same thing. The economy is in a depression, and everyone knows that the status quo isn’t even vaguely tenable.

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