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05:46

U.S. retail sales in March rose 0.8%. Really? Financial reporting of the worst sort.

... writes Charles Biderman. Read now why.

Forbes :: The financial press reported that 0.8% sales increase as gospel showing once again how totally ignorant the media can be when it comes to reporting economic numbers put out by the U.S. government. The AP headline was that U.S. retail sales in March rose 0.8%, helped by job gains. The Wall Street Journal online site reported not only that U.S. retail sales rose 0.8% in March, but also that Americans spent more on autos. Really? This is reporting of the worst sort. Why?

[Charles Biderman:] Ignorance is bliss, particularly when it comes to U.S. government economic data.

Why - Continue to read Charles Biderman, www.forbes.com

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Schweinderl