Under the headline that "Retail Sales Plummet," the WSJ has this:
An up to 1% drop is an already-dire prediction? The media is just crazy about these issues. I wonder if the media didn't have such an extreme reaction whether the decline in sales is related to such hysteria.
When gasoline sales are excluded, the fall in overall retail sales is more modest: a 2.5% drop in November and a 4% decline in December. A 40% drop in gasoline prices over the year-earlier period contributed to the sharp decline in total sales. . . .
The holiday retail-sales decline was much worse than the already-dire picture painted by industry forecasts, which had predicted sales ranging from a 1% drop to a more optimistic increase of 2.2%. . . . .
An up to 1% drop is an already-dire prediction? The media is just crazy about these issues. I wonder if the media didn't have such an extreme reaction whether the decline in sales is related to such hysteria.
Retail sales fall a little
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Oleh
abudzar
