Monday, July 16, 2012

Quote of the Day

July 16, 2012
US economy appears weaker as retail sales slump

"However hard you look, there's just no good news in this report," said Paul Ashworth, chief U.S. economist at Capital Economics.


Click to enlarge.

Source Data:
U.S. Census: Retail Trade

2 comments:

fried said...

"However hard you look, there's just no good news in this report."

I applaud this statement...which has not a single "unexpectedly" in its construction, nor any suggestion that the bad news is "contained". In fact the speaker seems to think that he is addressing adults...an entirely novel approach.

Stagflationary Mark said...

fried,

Fantastic commentary. I agree wholeheartedly.