"Consumer Spending Update for March&Early April"
The March retail sales report showed a drop in "core" sales (excluding autos, building materials, and gasoline) to a level below the first-quarter average.
The weaker data are not confined to the retail sales release. Consumer sentiment according to the University of Michigan also took a dive in early April.
Story Via Tyler Derdin:
Goldman Throws In The Towel On A 2013 "Recovery" As Does Bank Of America | Zero Hedge
http://www.zerohedge.com/news/2013-04-17/goldman-throws-towel-2013-recovery-does-bank-america
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