More Economic GOOD NEWS.....Retail Sales UP unexpectantly in February

Discussion in 'Politics' started by rightwinger, Mar 12, 2010.

  1. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    Retail sales rise unexpectedly in February - Retail - msnbc.com

    WASHINGTON - Retail sales posted a surprising increase in February as consumers did not let major snowstorms stop them from racking up purchases. The advance, the biggest since November, provided hope that the recovery from the Great Recession is gaining momentum.

    Some economists cautioned, though, that spending increases will remain modest as long as wages stay flat and job creation weak. They also noted that the government revised down the increase in retail sales for January.

    For February, sales rose 0.3 percent, the Commerce Department said Friday. That surpassed expectations that sales would decline 0.2 percent.
     
  2. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    Why is everything unexpected? I mean you never see reports "Economy grows as expected". You'd think the so called "experts" would have the honesty to retire and stop pretending they know what's coming. Or that they would realize they always predict incorrectly so they should start expecting the opposite of what their opinions dictate it should be.
     

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