Find The Major Economic Trend Hidden In This Picture

Published Friday, November 15, 2019 at: 7:00 AM EST

Major economic trends are always in front of us, hidden in plain sight. The spectacular real retail sales growth trend is in this picture, but you won't see it unless you know to look for it. Real retail sales are spectacular, adjusted for inflation. Since March 2019, real retail sales shot almost straight up in a short time and were already at a record territory for several years. Retail sales are a proxy for consumer strength and consumers drive 70% of the economy. So, this is an influential trend. However, unless you know to adjust retail sales for inflation, you...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

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