Last week the government announced that retails sales for the month of January increased by 1%. This was the first increase in 7 months and the largest increase in 14 months. The increase was apparently a surprise to economists and others who had expected a decrease of .8%.
These are the same people who are talking up the doom and gloom scenarios, I wonder why they keep getting it so wrong? I wonder why people put so much stock into what they are saying?
I hope people wake up soon and realize what is going on, yes there are particular problems in particular segments that will take some time to balance out, yet there are bright spots and recovery. Less doom and gloom chatter would help too.
