Benchmarked Retail Sales Revised Higher with 2015 Survey Details, but
Subsequent Annual Growth Revised Sharply Lower, to Date,
Generating a New, Traditional Signal for Recession

Net of Inflation and Irregularly-Surging Commercial Aircraft Orders, the
Headline Gain of 0.7% in March 2017 Durable Goods Orders Was 0.1%;
Real Activity Continued in Low-Level, Non-Recovered Stagnation

Monthly New- and Existing-Home Sales Rose in March,
In the Continuing Context of Low-Level, Non-Recovered Stagnation

Despite Big Boost from Headline Drop in March CPI,
March Real Median Household Income Was Statistically Unchanged,
Still Holding Below January 2000 and Signaling Consumer Liquidity Stresses