Mike Shedlock: Examining U.S. reliance on Amazon and nonstore retail sales

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Mike Shedlock: Examining U.S. reliance on Amazon and nonstore retail sales — Amazon and nonstore retail in U.S. economy

Mike Shedlock, author / blogger at MishTalk, examines the importance of Amazon and nonstore retail sales in the U.S. economy.

He emphasizes the need to analyze "real" sales data to answer how dependent the economy is on these sectors.

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Shedlock has previously questioned the labeling of an 8% and falling recession probability as doom porn. Earlier, he reported that markets saw a 70 percent chance of a Fed rate hike before the U.S. election. His recent posts focus attention on key economic indicators and market expectations.

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