{"id":1806,"date":"2019-02-14T16:24:13","date_gmt":"2019-02-14T21:24:13","guid":{"rendered":"http:\/\/1db-blog.1db.com\/?p=1073"},"modified":"2020-06-09T00:01:14","modified_gmt":"2020-06-09T00:01:14","slug":"retail-sales-declined-significantly-in-december-is-recession-looming-2","status":"publish","type":"post","link":"https:\/\/beta.1db.com\/?p=1806","title":{"rendered":"Retail sales declined significantly in December. Is recession looming?"},"content":{"rendered":"\n<p>Retail sales fell -1.2% last month, the worst December of the economic expansion, online sales declined by -3.9%. CNBC, MarketWatch, Reuters, WSJ, NYT, and forecasters inferred and inked grim warnings about the contraction in consumer spending. I decided to take a closer look. Historically, when there&#8217;s palpable fear in the air, consumers tighten their belts. For example, during the great recession, when all news was shock and all, the personal savings rate doubled. Yes, it doubled from 3% to 6%. So, considering the -5.8% stock market decline in December, is it any wonder that consumers began monitoring their spending?<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1151\" height=\"837\" data-src=\"https:\/\/beta.1db.com\/wp-content\/uploads\/2019\/02\/Retail-Sale-Dec-2019.png\" alt=\"\" class=\"wp-image-1074 lazyload\" data-srcset=\"https:\/\/beta.1db.com\/wp-content\/uploads\/2019\/02\/Retail-Sale-Dec-2019.png 1151w, https:\/\/beta.1db.com\/wp-content\/uploads\/2019\/02\/Retail-Sale-Dec-2019-300x218.png 300w, https:\/\/beta.1db.com\/wp-content\/uploads\/2019\/02\/Retail-Sale-Dec-2019-1024x745.png 1024w, https:\/\/beta.1db.com\/wp-content\/uploads\/2019\/02\/Retail-Sale-Dec-2019-768x558.png 768w\" data-sizes=\"(max-width: 1151px) 100vw, 1151px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1151px; --smush-placeholder-aspect-ratio: 1151\/837;\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Retail sales fell -1.2% last month, the worst December of the economic expansion, online sales declined by -3.9%. CNBC, MarketWatch, Reuters, WSJ, NYT, and forecasters inferred and inked grim warnings about the contraction in consumer spending. I decided to take a closer look. Historically, when there&#8217;s palpable fear in the air, consumers tighten their belts&#8230;.<br \/><a class=\"button read-more\" href=\"https:\/\/beta.1db.com\/?p=1806\">Continue<span class=\"hide\"> Retail sales declined significantly in December. Is recession looming?<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1806","post","type-post","status-publish","format-standard","hentry","category-blog"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Retail sales declined significantly in December. Is recession looming? - Financial Advisors<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/beta.1db.com\/?p=1806\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Retail sales declined significantly in December. Is recession looming? - Financial Advisors\" \/>\n<meta property=\"og:description\" content=\"Retail sales fell -1.2% last month, the worst December of the economic expansion, online sales declined by -3.9%. CNBC, MarketWatch, Reuters, WSJ, NYT, and forecasters inferred and inked grim warnings about the contraction in consumer spending. I decided to take a closer look. Historically, when there&#8217;s palpable fear in the air, consumers tighten their belts....Continue Retail sales declined significantly in December. 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