The Traderszone Network

Published in TZ Latest News 1 December, 2014 by The TZ Newswire Staff

Surprise: GAAP S&P500 EPS Set To Decline 1.3% In 2014

One of the justifications pundits have been forced to use today to explain the unprecedented collapse in holiday spending, which as we noted yesterday, tumbled by 11% is that more and more consumers are simply purchasing items on line. Which is great… until one looks at the actual data which reveals a diametrically opposite reality, namely that shoppers spent an average $159.55 online, down 10.2% from $177.67 last year.

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