Retail Chain Store Sales Plummet

After a peculiar pick up in April, the chain store sales trendline has reverted to a complete collapse, dropping a whopping and record 4.6% in May. Look like tax refund stimulus benefits have done their temporary magic and now all trends are back on their usual course. Below is the definition on Chain Store Sales [...]

Weekend Reading

Egan-Jones takes dim view of Morgan Stanley’s health (Dealbook, hat tip Ubu) Faith based economics (John Mauldin via Ritholtz) So much for the Volkswagen- Porsche merger (Bloomberg) [next stop much wider CDS] Another former NY Pension overseers in Cuomo’s probe (Bloomberg) Joseph Cassano: the man with the trillion dollar bounty (Times Online) Investor sentiment: Is [...]