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Ron Paul: Mother Of All Economic Crisis Will Lead To "Social Unrest & Violence"
The crisis will lead to social unrest and violence, as well as increased popularity of authoritarian movements on both the left and the right. This will lead to government crackdowns on civil liberties and increased government control of our economy.
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Despite Record Low Sentiment, US Retail Sales See Strongest Annual Gain In 8 Months
Despite Record Low Sentiment, US Retail Sales See Strongest Annual Gain In 8 Months
After a big jump in March, retail sales likely cooled in April, according to BofA's almost omniscient forecast as they see spending on gasoline providing a smaller boost and auto sales moderating, after an early Easter pulled forward some seasonal demand into March. The “holiday shift” dynamic also may have contributed to softer activity after Easter.
However, the actual print was +0.5% MoM (as consensus expected - and hotter than BofA's forecast), lifting sales by 4.9% YoY...
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