Barry Ritholtz's analysis of "pitiful" December retail sales tells him the potential for a recession in the next 12-18 months is much stronger than generally believed. After needing price cuts and discounts to lure customers, margins and profits will prove even more disappointing when retailers report Q4 earnings next week, he says. "Watch for changes in guidance for the first half of 2012."
Barry Ritholtz's analysis of "pitiful" December retail sales tells him the potential for a...
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