Retail Sales Coverage Reflected The Narrow View Of The Media

Published Friday, October 18, 2019 at: 7:00 AM EDT

Retail sales — an important factor in consumer spending, which drives the U.S. economy — declined, according to newly released data from the Commerce Department, and it was followed by gloomy headlines about shaky consumers and seen as a sign that the economy could be cracking. Actually, the headlines illustrate the financial press' often myopic and narrow view of economic news. Sales at U.S. retailers fell three-tenths of 1% in September for the first time in seven months. That's a fact! But news services reported that it signaled that a widely expected slowdown in consumer spending might be underway, without telling consumers...

To Read the Full Story, Subscribe or

This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.

2024

    2023

    2022

    2021

    2020

    2019

    2018

    2017

    2016

    2015

    Insurance Review

     

    Book An Appointment

    Contact Detail

    Michael MacDonald Financial
    2300 Contra Costa Blvd Suite 175
    Pleasant Hill, CA 94523

    mikemac@thefinancialadvisor.org
    thefinancialadvisor.org
    Phone: 925-521-0110

    Follow Us