Relevant:
- Retail Sales: Census Bureau Data May Be Mostly A Fairy-Tale
- Gaping Holes In The Government's Retail Sales Report For April
- Media Reports on Retail Sales Were Dead Wrong -- Sales Were Strong (But The "Recovery" Still Sucks)
- Beneath the Headline Numbers, December Retail Sales Worst in 20 Years
- Retail Sales, Ignorance & Financial Returns Reality
2012-04-17 — globaleconomicanalysis.blogspot.it
Ignorance is bliss, particularly when it comes to US government economic data. The latest bad joke occurred this morning when the US Census Bureau said retail sales rose 0.8% in March.
And the financial press reported that 0.8% sales increase as gospel showing once again how totally ignorant the media is when it comes to reporting economic numbers put out by the US government.
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