On a month-over-month basis, U.S. Retail Sales came in flat, with online sales up 0.8%.
The weaker-than-expected retail picture suggests that analysts might want to add “recession” into their vocabulary after more than 5 years of little use.
The U.S. economy has never experienced the type of Retail Sales figures as we’ve seen since March 2014 without a recession occurring within the year.
Suggesting that a recession is on the short-term horizon is, of course, simply a suggestion, not a prediction.
With this as the background, here’s a look at the year-over-year Retail Sales picture, the Retail Sales per Employee picture, and lastly, the Retail Sales by U.S. president picture. The last section on the political picture is simply out...

