German and other countries are following in the US footsteps, there latest program cash for clunkers. Retail sales have improved according the corporate media. These numbers are manipulated to make you believe the retail has rebounded. Remove autos and factor in the number of stores closures the stats are terrible.
CEO of Dick's says they are in panic mode because their prices are two high. The housing bubble 2.0 is here as the number of people borrowing with less than 10% increases. NY Fed Dudley now says that low inflation is ok and wants everyone to access their equity in their homes and go spend it in retail. This is one of the last desperate act of the central bank. The Fed also warns that debt is two high and people will not be able to sustain the debt level.
