I don't understand this. According to the U.S. Census, ( http://www.census.gov/svsd/www/artstbl.html ), retail sales increased monotonically from 1992 through 1999 (the last year I saw data for). Maybe the figures are not adjusted for inflation? But in any case, I've been reading here and elsewhere how consumer spending has been holding the economy up in the face of declining business spending and layoffs. Can anyone explain? Or am I once again being too earnest and missing the punch line?
-- Gordon