Relevant:
- S&P Chimes In On Foreclosure Fraud, Expects 6-8% Home Price Decline Through November 2011
- Retail Sales Plummet
- CMI July 9, 2011 -- Continuing Contraction Moderation; Shakespeare's Stimulating Idea
- Recession 2.0: Abysmal Wholesale Sales Join Factory Orders In Confirming US Economic Contraction
- November factory orders drop more than expected
2012-02-10 — zerohedge.com
``What other plausible explanation is there for the decline from 42.4 MGD in July 2011 to 30.9 MGD in November 2011 other than a dramatic decline in discretionary driving? That 27% drop in a few months in unprecedented, except in times of war or sharp economic contraction, i.e. recession.
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