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Retail Data Fails to Inspire

TinyTim- The unemployment numbers DO add up to the drop in retail sales. Even though the unemployeed are still buying necessities the drop is indicative of the over spending that was going on pre-crisis... Don't forget everyone was leveraging their persons and their homes to the hilt. Now that people are not working and those that are working are in fear of losing their jobs spending is in the crapper. As the Great Deflation reaks it's havoc of lower wages and thereby lower prices the retial sector will suffer. Which way to turn? Remember the 3 D's Deflationary Debt Destruction- then what? Short American equities, Go long emerging markets- bonds, Look for fixed income deals NOT IN THE FINANCIALS!!!