- The months of November and December aren't always easily comparable year to year when it comes to American shopping habits.
- The Census Bureau tells us that, unadjusted, November seemed low and December appeared better (revised 2.00% year-over-year and 4.85%, respectively).
- This thing about auto sales that we've been documenting for months has reached an untenable point; Census says auto sales are practically booming, but practically no one else agrees.
- Retail sales and especially autos only got halfway to a "V." From these other data sources, the economy's not even close to halfway having reached last year's very, very welcome finish.
For further details see:
Consumers, Producers, And The Unsettled End Of 2020