I've Never Seen Anything Like This… Until Now

Eurodollar University · Oct 18, 2026 · 21m

I have never seen anything like this before.

With the stroke of the Census Bureau’s pen, more than 5% of retail sales…disappeared. Five.

Not a single volatile category. Not some tiny seasonal adjustment. One-twentieth of the entire retail-sales universe—consumer spending on goods and some services—was erased from the data going all the way back to 2022.

Gone.

Eurodollar University's Money & Macro Analysis

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