Tuesday, December 14, 2010

November Retail Sales and PPI: Blech

http://market-ticker.org/akcs-www?post=174922

On the first day of Christmas
Look what Karl showed to me
A lie that the Census Bureau
Hid underneath the tree


Gotta love this....

The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for November, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $378.7 billion, an increase of 0.8 percent (±0.5%) from the previous month, and 7.7 percent (±0.7%) above November 2009. Total sales for the September through November 2010 period were up 7.8 percent (±0.5%) from the same period a year ago. The September to October 2010 percent change was revised from +1.2 percent (±0.5%) to +1.7 percent (±0.2%).

Let's look inside....

Here's the internal table... and it immediately demolishes the CNBS spin machine which said "Electronics are down, that's why BBY missed!"

That's a damned lie!