Blockworks Research - Is This the Weakest Data Point?

In Europe, what that would be a bit scared about would be a continuation of real spending being low. Real retail sales in Germany have now experienced the worst drawdown since 2008 and are almost at par from an inflation adjusted perspective. That means consumers in real terms are not increasing their spending. Their volume of spending is not increasing. If that continues, it tells me that consumers are feeling the hit. In the US, well, look here, the key is really layoffs if I am right on the housing market being frozen or having broad problems with refinancing. What you want to see is this translating into companies cutting structural costs like permanent workers. The tech sector has laid off quite some employees and

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