Retail sales in the U.S. unexpectedly fell in March by the most in nine months as employment slowed, showing households ended the first quarter on softer footing. The 0.4 percent decrease, the biggest since June, followed a 1 percent gain in February, as 85 economists surveyed called for an unchanged reading in March. Department stores and electronics dealers were among the weakest showings. “Households are now making those difficult choices on how to adjust spending,” Another speck of news as the Michigan Consumer Sentiment was down 72.3 from a previous 78.6. The Index marks a stiff decline in consumer spending, yet the Dow Jones is down slightly as equities continue to maintain their strength even when numbers suggest otherwise.

 Did you know that there are thousands upon thousands of homeless people that are living underground beneath the streets of major U.S. cities?  It is happening in Las Vegas, it is happening in New York City and it is even happening in Kansas City.  As the economy crumbles, poverty in the United States is absolutely exploding and so is homelessness.  In addition to the thousands of “tunnel people” living under the streets of America, there are also thousands that are living in tent cities, there are tens of thousands that are living in their vehicles and there are more than a million public school children that do not have a home to go back to at night.  The federal government tells us that the recession “is over” and that “things are getting better”, and yet poverty and homelessness in this country continue to rise with no end in sight.  So what in the world are things going to look like when the next economic crisis hits?

Ref: Bloomberg News/ZeroHedge submitted by Tyler Durden on 04/12/2013 – 12:58

www.donfilippo.ca Tel:416-362-1300   Toll free: 1-877-943-6939Don’t Forggetta About Me!