Tuesday, March 14, 2017

Dumbfuckistan Is Black Swan Diving Into Pavement

Contrary to popular belief, having one's head lodged in their own ass is not a "Black Swan" event...

This just in:
ZH: U.S. Department Store Sales Crash Most On Record

Consumer confidence is at a 15 year high, compliments of Donny Trump, Faux News, CNBS, Kardashians, Prozac, OxyContin, Fentanyl, and of course legalized pot:

In other words, it's a society of stoned zombies exhibiting fake-believe confidence for reasons having absolutely nothing whatsoever to do with the economy. Just another end of cycle circle jerk...

University of Michigan consumer sentiment survey (red) with short-term rates (green) aka. 'Conomy:

Retail ETF:

The problem is across every segment of retail...

Dollar stores

Grocery stores


Jewelry stores

Mid-tier department stores

Upscale department stores

Lower end department stores

Mall REITS (Real Estate Investment Trust):