– The Recovery Itself Unravels; Consumer Recession (ZeroHedge, May 14, 2015):
If March was supposed to herald at least the beginning of the anticipated yearly rebound, April put that idea to rest. We have pushed way past last year’s “aberration” in the polar vortices and way past even the immediate aftermath of the 2012 slowdown (which hit in the also-snowy winter of 2013). You can make the argument that the full US economy is not in recession but it is now exceedingly difficult to sustain any position that doesn’t put the consumer already there.
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