Tag Archive for Currencies

Retail Sales Reports Right, But For Wrong Reason

Bloomberg got it partly right when taking the gloomy view it reported that, “Retail sales in the U.S. unexpectedly stagnated in August as a lack of employment and limited income growth restrained demand, highlighting the risk the economy will stall.”  Marketwatch took the glass half full approach, saying, “Retail sales were steady in August, as consumers spent…