Find The Major Economic Trend Hidden In This Picture

Major economic trends are always in front of us, hidden in plain sight. The spectacular real retail sales growth trend is in this picture, but you won't see it unless you know to look for it.

Retail sales are a proxy for consumer strength and consumers drive 70% of the economy. So, this is an influential trend. However, unless you know to adjust retail sales for inflation, you would miss the trend. That's how the media reported it.

After the U.S. Commerce Department released the latest monthly retail sales figures on Friday morning, the financial press and financial cable TV channels reported that October's three-tenths of 1% uptick over September allayed fears of a downturn, but it was nothing spectacular. They missed the hidden trend in the economic picture by not adjusting retail sales for inflation.

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This article was written by a professional financial journalist for Meg Green & Associates. and is not intended as legal or investment advice.

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