Tuesday, August 05, 2014 9:08:34 AM
In the August 2014 Macroeconomic & Investment Newsletter, Mr. Silver states, "As reported by numerous media outlets, the $675 billion rise in nominal GDP in the past year, a whopping 52%, or over half, is due to nothing else but inventory hoarding. Retailers seem to be making a big bet that consumers will show up and I think they will be right. The SPDR S&P Retail ETF (NYSE: XRT) which had been ripping since February and hit a 52-week high in the beginning of July, gave back around 5.5% of those gains by the end of July. This 'correction' of the XRT seems to tell me..." To read more, please download the FREE August 2014 Macroeconomic & Investment Newsletter available at http://www.vistapglobal.com and click "Download Newsletters" to
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