Seeking Alpha
Macro, portfolio strategy, fixed income
Profile| Send Message| ()  

Retail sales have now staged a complete recovery, both in nominal and real terms. No sign of any impending recession here, that's for sure.

Indeed, the recovery in sales is impressive, given that there are 4 million fewer people working today than there were at the peak in early 2008.

(click to enlarge)
(click to enlarge)
Source: Retail Sales Recovery