Retail earnings slump answer is simple, People do not have the money, Record numbers exit labor market, White American employment decimated, Record numbers on food stamps   By now you have heard every excuse under the sun for the recent slump in retail sales. Since we have just exited winter, it is the perennial favorite excuse. But the real reason is simple. It is what we have been explaining for many months. The real economy, the real employment situation. Particularly the decimation of employment of white and younger Americans. FromRead More