Proof of Global Warming: Christmas in October

Costco is celebrating Christmas. It's not even Halloween yet. By moving the Holiday Shopping season up by three weeks, I can't help but wonder how this might skew the Retail Sales data released for November and December. If consumers do their shopping now, Retail Sales should fall short of expectations for November and/or December and that will lead analysts to believe that Americans are consuming fewer goods. Because consumer spending accounts for two-thirds of our economy, weak Retail Sales data...

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[Source: The Mortgage Reports Blog]