BIDEN ECONOMY: Retail and Auto Sales Are Down, Layoffs Announced, A Recession is in the Works

BIDEN ECONOMY: Retail and Auto Sales Are Down, Layoffs Announced, A Recession is in the Works


The economic numbers for the Biden economy are coming and they are terrible. 

Zerohedge reported this morning on a number of statistics that don’t look good at all.

May Retail Sales are down.

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Amid record low consumer sentiment, crashing asset markets, and tumbling savings rates, it is no surprise that May retail sales were a disappointment but the 0.3% plunge was remarkable relative to a 0.1% expected rise and downwardly revised 0.7% MoM rise in April.

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Auto Sales have dropped as well.

Auto sales dropped 3.5% in May, reinforcing data from

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