FIRST AIRED: May 23, 2017

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00:00:00
if you believe financial markets the economic world is going to hell in a handbasket but a bleak weaker markets ending with some positivity Friday a stronger than expected U. S. retail sales report sparking big stock market gains the data highlighting what may be a disconnect between Wall Street gloom and doom and what's really going on on main street , Reuters financial markets editor Dan burns , we had the strongest core reading a retail sales for January and last may and it was the best start to a year for retail sales in four years people were buying a variety of goods and die it really bodes well for consumer spending for the rest of the year and remember that have taken spending happened even after a major weekend storms noted large sections of the country and that the stock market lost trillions of dollars in the worst start to a new year since two thousand nine , it's hard to make the case or coming recession if people are still shopping , stopping makes up more than two thirds of economic activity in the U. S. , again financial markets they are slow down that not many in the USA , let's win this time around there are some new factors that have been going to play in previous cycles right we've got China slowing down fairly dramatically that's a big drag for global growth and we've gotten negative interest rates in big parts of the world Japan Europe that's a drag on the financial sector the market can be there before the economic indicators are there and telling us there's trouble at hand and with China coming back from a week long holiday recession fears could quickly return