Saturday, August 13, 2016

Fed take note: Amazon taking out Macy is Creative Destruction not a measure of the economy's health

Consumers Zip Wallets, Surprising Economists? Which one? Retail sales with Amazon taking out the likes of Macy's and other traditional retailers is going through such obvious Schumpeter's "Creative Destruction" that the Federal Reserve would be out of its mind to consider such an indicator as a measure of the economy's health.

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