Courtesy of Lee Adler of the Wall Street Examiner
As was typical of this morning’s reporting on the Commerce Department’s advance retail sales release for February, Marketwatch (Dow Jones) reported that the 1.1% gain (seasonally massaged) was the fastest in 5 months. It missed their consensus expectations, but only by a tenth of a percent. Bloomberg also touted the gain as the biggest in 5 months, with the gain being perfectly in line with their consensus survey expectation. Reuters had virtually the exact same headline and story lead-in as its two major competitors. They’re losing so much money that they can’t afford original reporting. Or to give them a little more credit than that, maybe they all just use the same computer Al Gore Rhythm to write the stories.
I don’t know how you can compare month to month seasonally falsified numbers to one another with a straight face, but the actual data wasn’t bad, even after adjusting for inflation and backing out gasoline sales, which
http://www.zerohedge.com/contributed/2012-11-14/strongest-retail-sales-century-pundits-fail-blame-weather?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
| 