Business Reporting Sucks
It is as if they are all public relations firms and they all have on client: Wall Street.
For instance, check this out.
NEW YORK (Reuters) – Retail sales fell at the fastest pace in at least five years and could tip an already fragile economy into recession, according to a private report released on Wednesday.
Could tip…..fragile economy…..into recession…? Ya think?
The TV business news is even worse
…said SpendingPulse, the retail data service of MasterCard Advisors, an arm of MasterCard Worldwide
Next I suppose they will recommend that to avoid recession the government should borrow more money to give to consumers so we can keep running up our credit cards.
The consumer is like Wile E. Coyote running off the cliff: Don’t… look… down!
On Friday, the government reported net job loss for a second straight month in February, which surprised economists…
Which economists were surprised?