Saturday, May 14, 2016

More Obama economic propaganda as retail sales soar to best in six years one day after lower guidance

In the wake of the release of a new book on how corrupt U.S. politicians are, it should come as no surprise that today’s retail sales numbers coming out from the Obama administration show their best month over month in nearly six years.  And yet, this report of pure propaganda comes in spite of three major retailers falling flat on their earnings for Q1 just yesterday, and them issuing lower guidance and expected declining sales for the months ahead.
Macy’s, Nordstroms, and J.C. Penny’s all had weak earnings reports on both May 12 and 13, and issued guidance of further erosion entering into the summer months.  However, this did not stop the reporting arm of the White House to issue their April retail sales numbers as the best seen since 2010, which is contradictory to all real data coming out of corporate reporting in the retail sector.

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