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2016-05-18 — dimartinobooth.com
``The severity of the shift suggests something beyond the ‘Amazon effect' is at work. The key is marrying stagnant wages to the cultural backlash against the conspicuous consumption glorified in the Valley Girl era and to varying degrees beyond. Do this and a clear picture emerges, one that explains why families still stroll the strongest malls but simply cannot spend well LIKE really I just have to have it LIKE. So they window shop, have a meal at the mall, and head home using their smart phones to buy what they can on Amazon Prime, of course. Perhaps the missing link is what most Fed officials appear to not grasp, as in wage growth, or the lack thereof. It would be amusing if it wasn't so sad.''
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