When consumers spend, it makes most everyone in business and economics happy. That money drives almost 70% of GDP. There’s money for products and services, businesses do better, and CRE eventually gets its share.

When the news of better-than-expected retail sales in June—1.0% in June, compared to -0.1% in May—stocks took a jump. “Spending was broad based and not just boosted by more money spent on gasoline,” Jeffrey Roach, chief economist for LPL Financial, said in emailed comments. However, things are more complicated.


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