Third Quarter GDP Estimates Slashed After a ZERO Retail Sales Number for the Month of July

I understand your proclivity towards debasing yourselves, friends, and family, through a mawkish endorsement of a market that is literally being propped up and manipulated by grifters. I get it. We all want a piece of the pie. The only problem with your assumptions is that you believe the grifter wants you to succeed. Everything our genteel modern society endeavors to achieve coalesces around a dark body of water filled with man eating alligators. High taxes, onerous regulations, deleterious immigration and trade agreements are all designed by devils to increase profit margins for the 0.001% and send you to the onion patch to slave under garish conditions.

The superlative methods by which the central banks have convinced the masses that their economies weren’t falling down is an achievement unto itself. But you cannot hide the nascency of a dystopian society forming around our parasitic retail landscape, the very essence and engine of America’s economy.

A Byzantine endgame approaches. We’re at a Morton’s Fork in the road and the outcome is all the same. Productivity is plunging and every single aspect of the economy shrunk in the second quarter, only saved by a seemingly miraculous 4.2% spike in retail sales. Well, guess what? Retails sales came in at ZERO for the month of July. Morgan Stanley just slashed GDP estimates by a full 50bps to 1.9%.

The vainglorious caitiffs, with all of their temerity, will attempt to succor an otherwise spiteful republic with promises of opportunity and advancement. They’ll tell you the rivulets in the wake will multiply and form into an ocean of money to be shared and enjoyed by all. But their plans will fail, miserably–because they’re built upon sand by the Whores of Babylon. The gallows will be very crowded, indeed, brimming with big jowled, florid faces, begging for just one more sip of their martinis before having their necks snapped in half–in front of a crest fallen and contemptuous nation.

Other than that, everything is great. Stocks are down 40 points and all of the bipedal primates are preparing to perform vaudeville on the 3:30 ramp.