RE: The second Great Depression arrives as retail apocalypse unfolds

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The second Great Depression arrives as retail apocalypse unfolds

in canada •  7 years ago 

Auto sales are slumping hard too.

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Yes. The bigger elephant in the room is no longer sales, but the worldwide national debt that is now in excess of $152 Trillion. It no longer matters what sales figures are, there simply can never be enough new sales to compensate for interest on the debts.