Are the last few month's decrease in retail sales "transitory" as the FED puts it or should the market be pricing in risk.
The last time retail sales started falling like this, the market had already priced in risk for 1 year.
QE and NZIRP do strange things!
The last time retail sales started falling like this, the market had already priced in risk for 1 year.
QE and NZIRP do strange things!
