We’ve grown accustomed to waiting for news on the economy that would signal a return to movement and growth. And, mostly, there is a forlorn quality to the waiting with most of the news indicating a continuing stalemate. Latest reports from the retail front are not reassuring. As Matt Townsend at Bloomberg reports:
The first spending decline on a Black Friday weekend since 2009 reinforced projections for a lackluster holiday, increasing chances retailers will extend the deep discounts already hurting their profit margins.
The news about manufacturing is better with Reuters reporting that:
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