The U.S. Census Bureau released the Advance Monthly Retail Trade and Food Services Survey late last week and on the face of it it seems like good news. By that I mean good news that IS good, whereas “less bad” has often been taken as being good in recent times. Seasonally adjusted retail sales were [...]
Archive for December 13th, 2009
Retail sales: no boom, just doom and gloom
Posted in economy, tagged retail sales on December 13, 2009 | Leave a Comment »
Trade data points to L shaped outlook.
Posted in trade, tagged US trade on December 13, 2009 | Leave a Comment »
At first glance the contraction in the trade deficit for October looks positive. I’m generally wary of seasonally adjusted data — not because seasonal effects don’t exist but because I prefer to see the raw data and the algorithm used to do the smoothing. Non seasonally adjusted data for the trade in goods is available [...]
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