Braindead or Willfully Manipulative? How the Media Reported Retail Sales (fake news revealed)

The Purge

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Aug 16, 2018
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Like a centrally directed disinformation campaign. Here’s what happened.
And it was everywhere. Misleading headlines about retail sales, from which reporters then extrapolated silly conclusions about the consumer while clamoring for a rate cut from the Fed.

[Media reported] “U.S. retail sales unexpectedly posted the first decline in seven months, suggesting consumers are starting to become shaky as the main pillar of economic growth and potentially bolstering the case for a third straight Federal Reserve interest-rate cut.”

The Commerce Department released its “Advance Estimates of U.S. Retail and Food Services” this morning. This is the first estimate for the month that will get revised – often substantially – in following months as more data become available. And the report said that in September compared to September last year:
>Total retail & food services (restaurants, cafes, etc.) rose 4.1%.
>Retail sales without food services rose 4.0%.
>Food services sales rose 4.9%.
>Retail sales without gasoline sales rose 4.7%.
>Retail sales without gasoline, motor vehicles & parts sales rose 4.5%.
>Sales at non-store retailers (ecommerce, vending machines, door-to-door, telemarketing, home parties such as Tupperware, etc.) rose 12.9%


(Excerpt) Read more at wolfstreet.com ...

Graphs in the article show Trump's economy is doing wonderful...... the lamestream media tries everything to denigrate Trumps steamroller economy!
 
The Commerce Department said Wednesday that retail sales dropped 0.3% last month as households slashed spending on building materials, online purchases and especially automobiles. The decline was the first since February.
 

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