Sunday, September 20, 2009

First 'Post Recession' Data

Mark Lieberman, Senior Economist

"The retail sales report, for example, was hailed for showing strong gains in the overall number -- all but overlooking the fact that the "Cash for Clunkers" program had an outsized impact on those numbers. Some analysts, reading the retail-sales report, asserted the consumer had returned to the game -- even though not all of the retail receipts came from consumer pockets; some of course came (or will come) from the government."

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