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Christmas Sales Low; Women, Minorities Hardest Hit
By Ed Driscoll · December 26, 2007 06:09 AM · Capitalism, the Unknown Ideal · The Holiday That Dare Not Speak Its Name

Rob Port writes that retail sales were up 3.6 percent, or 2.4 if you discount fuel sales:

(though it seems to me that those should be included; the economic health of our gas stations is every bit as important as the economic health of our retail stores).

* * *

The New York Times is calling these retail numbers “bleak,” but I’d be willing to wager that the folks at the Times would be dancing in the streets if their stock prices had seen 3.6% growth instead of the negative growth their stock has seen for most of the year.

Indeed.TM And speaking of which, Glenn Reynolds notes that online sales were up over 22 percent. And don't miss this email from one of his readers:
The same schmuck, Michael Barbaro, wrote a similar story in 2005. He also wrote a story back in September of his year trying to say back to school sales only looked good, but really weren't:

Why do we care what the some schmuck at the New York Times writes anymore, anyway?

It's like reading something Andrew Sullivan writes and instead of saying, "Sullivan thinks....." we write, "The Blogosphere today announced that...."

Bologne. We need to get out of the habit of saying, "The New York Times....." and giving backing to these folks. Instead, we should say, "Michael Barbaro wrote....." and treat him just like we'd treat anyone in the blogosphere.

But the Times has layers of gatekeepers: Editors! Researchers! They wouldn't let an error or anything that smacks of an agenda creep into their paper, or its reporting on economic conditions, both here and abroad.

(And despite the best efforts of the MSM to throw cold water on it, we hope your Christmas was as enjoyable as ours. Watch for intermittent posting from us the rest of the week.)

Update: "Seven Year American Recession Watch Remains On High Alert", and it will for another 11 months--and maybe even another four years after that.


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