Retail Accountability?

Forget New Hampshire Pollsters — if you want to see some poor professional work, have a look at those who cover retail sales for a living.

I’m not naming names, but Cheese N Crackers! how many analysts, pundits and others totally shit the bed when it came to this year’s holiday sales?

Forget forecasting next month — how about understanding what is going oon RIGHT NOW? Or if that’s too complex, how about what happened last month?

Credit card debt turned up, the home ATM turned down, inflation was rampant, real income gains non-existent, the job market mediocre. On top of that, we had  much higher prices for daily requirements like Food and Energy — and still, there was total denial about how healthy retail is.

  Now, the MSM tells us Americans Cut Back Sharply on Spending. Really? You don’t say!

Those of us who are reality-based and paid even the slightest attention saw this coming a long time ago.


With December Retail Sales a minute from release, let’s ask this question: Who really blew it this year on Retail? What commentary was off base, ugly or just plain wrong?

Americans Cut Back Sharply on Spending   
NYT, January 14, 2008

Category: Consumer Spending

Eddie Lampert’s Debacle at Sears

Category: Corporate Management, Retail

In Rainbows

Category: Digital Media, Media

The Housing Debate: Bull vs. Bears

If you missed the Real Estate Connect NYC 2008 debate on the impact of Housing last week, it is now available online. (Broadband suggested).

Category: Economy, Real Estate, Video

Barron’s Stocks

Category: Quantitative

Baltic Dry Shipping Index

Category: Economy, Technical Analysis, Trading

The Apple MacWorld Trade

Category: Consumer Spending, Technology, Trading

Equities, Earnings and Recessions

Category: Earnings, Economy, Investing, Markets

And The Winner is . . .

Category: Financial Press

Mid January Linkfest: Review / Preview

Category: Financial Press