Or maybe they cannot because credit card companies are kicking them out. Either way retail sales numbers came in as a big disappointment. The most worrisome aspect is that ex-auto and gas continues to fall. People are losing jobs, getting their salaries cut, credit card companies are kicking them out and banks refuse to make loans. Oh yeah, and they lost 40% of their savings in the stock market last year. If you also own a house then you really are seriously FOLKED.
How can US rebound if consumers refuse to spend? Even more importantly for traders: can China rebound if US consumers don't consume?
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