A quick heads up:
I will be on Kudlow & Company tonite at 5:00 pm. Its for at least two segments of the show, discussing Holiday shopping, Energy, the Economy and this rally.
UPDATE Novermber 28, 2005 7:55PM
How surprising was Larry’s mixed outlook on the holiday season? He never ceases to amaze — I thought for sure he was going to lock onto the Bullish data, flawed though it was.
I wish we had more time to go into the Border, Energy, and Tax issues post Allan Hubbard. Once again, the producers were chirping in my ear ("You have 10 seconds!") I don’t know how people do entire newscasts with someone feeding them info — its disconcerting to think and speak AND digest that additional auditory input.
I didn’t get to the Visa credit card data, but I will get a post up on it shortly . . .
There are few things that make us more annoyed than bad data, lazy thinking or poor analysis. This weekend, the National Retail Federation hit for the inept cycle with their breathless reporting of holiday sales. The NRF erroneously trumpeted that the Thanksgiving weekend sales were “blockbuster,” having “surged 22% from a year ago to about…Read More