U.S. retail sales decrease more than expected in November

Wait until more and more of these stories start coming thru the media blockade of 'bad news'. Honestly I'm shocked that the sales didn't fall more than this. This upcoming recession is going to make 2008 look like a picnic.

This was hardly unexpected! Millions of people are still without work, and no financial relief awarded them in MONTHS to live on, much less purchase retail! Thanks, Nancy Pelosi, for admittedly making covid relief political. You're a gift that just keeps on giving.

To your points - MOST of the shopping, at least online, is pretty much wrapped up. Last day for Christmas delivery for most retailers is in 2 days.

The vaccine? The average person won't have the opportunity to receive it until March 2021 (due to backlog and waiting list; healthcare workers, seniors in nursing homes, fire and police, essential workers THEN everyone else.

As for savings? Most people I know have almost depleted their savings due to a layoff, less hours or slower business.

What you haven't been hearing about is the number of people about to be evicted for failure to pay their rent for the past 6 months. Most of these people have been living off the supplemental unemployment and former stimulus but they are tapped out. Once the foreclosures start the big businesses will swoop in and purchase these homes at 30-40% discount and their leasing "fleet" will expand.

Just want to add (since I find this pathetically amusing) that we have always sent out and received a lot of Christmas cards. This year, we've hardly received any. I now have more cards from vendors and services we've used this past year than from friends and relatives. I understand this completely. The people have no good news to spread nor money to spread it, and the vendors are fervently hoping we keep them employed in the future! One, our mosquito spraying company, even dropped off a 4-pack of fresh cupcakes with their card!

I was a bear through 2008 it was no picnic it was an all you can eat buffet for traders. I don't think this recession you are talking about will be that bad but I could be wrong so I don't speculate I just trade the charts as I see them.

People are broke except for Jeff Bozos’s ex wife.

maybe they r saving money for christmas and new year, why no news opinion think about that ? and how about the vaccine ? now some countries already start using vaccine.

i just think we should plan well and prepare for anything coming ( recession, opportunity, job,) what ever it is