Bob Fraser shows retail sales surging 30% above pre-pandemic levels after a sharp COVID drop. Stores and airports are packed, he says, proving there's no recession in retail and consumers are confident.
This chart is just going up and to the right. Great Financial Crisis takes a little break and then goes up again. And then you got COVID and it drops off a cliff, then immediately jumps right back on top of the cliff and then doubles. So it was already increasing at an incredible rate and then jumped 30% from COVID Wow. Retail sales are on fire. The reality is there's no recession in retail. And if you've gone shopping recently, been to an airport recently, they are jammed. The consumer is healthy.
