Of course, the internet can not freeze – at least not in the Old Normal world – however that is the only logical explanation we can offer in a world in which yesterday’s atrocious retail sales were blamed on the weather – supposedly people stay at home, don’t drive, don’t go to the mall, don’t shop because they have never had to engage in such activities in the winter when it snows outside – and yet online retail sales…. dropped even more? Because we know that in said world, consumption weakness can not possibly be explained by a tapped out US consumer who actually has little disposable cash left, and so we have to assume, correctly, that the weather was so bad in January, that even the Internet and online retail websites, must have frozen. There is no other explanation.
Source: Department of Commerce
via Zero Hedge http://ift.tt/1eVYR6f Tyler Durden