Second-Half Recovery Is Nonsense

By Barry Ritholtz - June 16th, 2009, 8:53PM

I discuss the Economy and the Market with Aaron Task and Henry Blodget at Yahoo Tech Ticker:

Source:

Second-Half Recovery Is “Nonsensical”: Economy Still Descending, Ritholtz Says
Aaron Task, Henry Blodget
Yahoo Tech Ticker, Jun 16, 2009 01:34pm

http://finance.yahoo.com/tech-ticker/article/264809/Second-Half-Recovery-Is-%22Nonsensical%22-Economy-Still-Descending-Ritholtz-Says;_ylt=AuAyuITbZBVxUbpbHVEHBddk7ot4?

PERMALINK
Category: Economy, Video.

Comments are closed.

Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof. —John Kenneth Galbraith

Macro Notes

Retail sales mixed relative to expectations
Peter Boockvar

Retail Sales in Jan rose .4% headline m/o/m, .7% ex auto's, .6% ex auto's and gasoline and .7% at the core. The headline figure was less than expected while the rest were slightly better. But, with respect to non headline sales, because Dec figures were revised lower, taking the two months together were about in line with forecasts overall. Sales rose in electronics, building materials, food/beverages, clothing, sporting goods, dept stores and restaurant/bars and fell interestingly for online retailers, health/personal care, furniture and motor vehicle/parts. Bottom line, headline sales were below expectations due to the greater than expected fall m/o/m...

read more »