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Great article. I posted an article that job growth may have been over reported by 1 million jobs. The high credit card debt and credit card defaults rising portends a problem. Car repossessions are also rising. The economy isn’t healthy and Harris appears to be economically illiterate. Her election will portend disaster.

Retail sales are typically reported in nominal terms; that is, just the amounts. In times of high inflation, however, this creates an odd situation. People have to spend more on the same good or service on repeated buys. You know this now from personal experience. What used to cost $1 is now $1.50 or $2. If the government reported the new spending as great news, you might protest: “That is not progress, and it certainly is not good news.”
And yet, old habits die hard. Month after month, retail sales data are reported not in real terms but nominal ones. There are many features of government data today that deserve skepticism, but this one ranks up at the top. It is so brazenly misleading, and yet there is no official source out there that reports real retail sales.

When the 'Dollar' stores raised their prices, we all knew we were screwed by 'Biden/Kamala-nomics'