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by Lee Adler, Wall Street Examiner
The headlines and mainstream media stories on retail sales were hysterical and misleading as usual, thanks again to screwy, fictitious seasonally adjusted data. “Retail Sales in U.S. Dropped in March by Most in Nine Months!” blared the Bloomberg headline. In fact, that’s not only misleading, in reality it’s false. Retail sales not only gained last month, the gain was pretty close to the average for any March of the last 10 years. And it was way better than January and February when sales were considerably worse than average. So it was not worse than any month in the last nine months. Only the fictitious seasonally adjusted number declined. That number is not real. It misleads everybody who isn’t paying attention to the actual data, which is everybody but you, me, and a few others reading this post. Read more »
2013-04-14 23:16:17