The June 2012 retail sales numbers are out and they show a 0.5% decrease vs. May 2012. This translates into a Q2 decrease of 0.20% which extrapolates into a 0.78% annual decrease.
This downturn was the first for retail sales since Q1-2009. This can be viewed in light of the consumer sentiment index which also turned down
These are some of our first official government reported figures that confirm what we have been saying which is we are in a recession, and we would argue that we never actually came out of recession.
What does this mean for your self directed IRA?
These figures are starting to show confirmation of a weakening, slowing economy. We already heard from the Fed today, that they recognize that the economy is weakening and that they are at the ready to use their tool. We know that this will all translate into government intervention, printing and inflation. These are all factors that support investing in hard assets such as real estate and precious metals. So, look over your self directed IRA portfolio and determine if your are properly positioned for this recession.
The information provided is for educational purposes only and are not a solicitation or offering of an investment, investment advice, or tax advice. You should consult with your tax, legal or financial advisor to determine the suitability of any investments made with a self directed IRA account.