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Zero Hedge — US Retail Sales Disappoint, Online Spending Growth Hits A Wall As Government Handouts End

Summary:
Underscores the importance of targeted government spending, that is, direction of flow toward consumer spending (multiplier effect) rather than adding to the stock of savings (neutralization). Attempting to stimulate business investment fails in the face of lagging demand.Zero HedgeUS Retail Sales Disappoint, Online Spending Growth Hits A Wall As Government Handouts End Tyler Durden

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Underscores the importance of targeted government spending, that is, direction of flow toward consumer spending (multiplier effect) rather than adding to the stock of savings (neutralization). Attempting to stimulate business investment fails in the face of lagging demand.

Zero Hedge
US Retail Sales Disappoint, Online Spending Growth Hits A Wall As Government Handouts End

Tyler Durden
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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