The August Retail Sales Data Just Crashed At Bank Of America As Recession Fears Delay Spending

Economic collapse news. The August retail sales data just collapsed at Bank of America for their credit and debit cards. It looks like recession fears are beginning to weigh on consumer confidence. The data also reveals some huge retail sales events may have pulled some of August's retail spending into july. The august retail sales report from the census Bureau is due Friday and we may be in for another flash crash retail spending print. This shows consumer confidence is falling and fears of a US recession are beginning to change people's spending habits. This is something we warned about last week and that's what if the consumer stops spending?

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