– Rise In Traveling Hookers, Depressed Gambling, Booze Sales Bode Poorly For US Economy (ZeroHedge, April 19, 2015):
If you’re inclined to agree with the notion that trends in cash-based businesses are a good leading indicator when it comes to assessing where consumer spending (and thus the US economy) is headed going forward, you should expect the string of retail sales misses to continue because as Andrew Zatlin notes, spending on hookers, booze, and gambling is now sliding, forcing some escorts to take their show on the road.
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