protos on Nostr: How Long Can Retail Sales Hold Up? For reasons I cannot fathom, the Federal Reserve ...
How Long Can Retail Sales Hold Up?
https://www.theepochtimes.com/opinion/how-long-can-retail-sales-hold-up-5671354For reasons I cannot fathom, the Federal Reserve Bank of St. Louis reports retail sales without any inflation adjustment. This means that if you buy a hamburger for $5 this week and the same hamburger next week for $10, retail sales would show growth of 100 percent even though you purchased the same product.
The lesson: Trust your own eyes, not the data reports.
Published at
2024-06-21 13:12:50Event JSON
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"content": "\nHow Long Can Retail Sales Hold Up?\nhttps://www.theepochtimes.com/opinion/how-long-can-retail-sales-hold-up-5671354\nFor reasons I cannot fathom, the Federal Reserve Bank of St. Louis reports retail sales without any inflation adjustment. This means that if you buy a hamburger for $5 this week and the same hamburger next week for $10, retail sales would show growth of 100 percent even though you purchased the same product.\n\nThe lesson: Trust your own eyes, not the data reports.",
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