Kathianne
12-26-2007, 01:41 AM
All I've read is 'doom and gloom,' until last Friday when retail reports said they had hit their mark, anything above that, (Sat-Mon), was even better. That's not how some wish to report:
http://instapundit.com/archives2/013355.php
December 25, 2007
CHRISTMAS RETAIL SALES UP, BUT BY A MODEST 3.6% -- but online sales were up 22.4%. The New York Times calls those numbers "bleak," a term that's more accurately used in reference to its stock prices . . . .
Related post here. It's all about the narrative.
UPDATE: Reader, and hedge-fund manager, George Zachar emails:
Investors now have to gauge not only the reality of economic data, but its predictable willful misrepresentation by the press. We therefore have to speculate not only on underlying conditions, but on the effectiveness of the effort to scupper Main Street confidence.
On another matter, tech unfriendliness is a big driver in NYC commercial real estate, and the conversion of many older buildings into residential lofts.
Yeah, the press reports have consequences besides their intended one, of swinging the elections.
posted at 08:52 PM by Glenn Reynolds
http://instapundit.com/archives2/013355.php
December 25, 2007
CHRISTMAS RETAIL SALES UP, BUT BY A MODEST 3.6% -- but online sales were up 22.4%. The New York Times calls those numbers "bleak," a term that's more accurately used in reference to its stock prices . . . .
Related post here. It's all about the narrative.
UPDATE: Reader, and hedge-fund manager, George Zachar emails:
Investors now have to gauge not only the reality of economic data, but its predictable willful misrepresentation by the press. We therefore have to speculate not only on underlying conditions, but on the effectiveness of the effort to scupper Main Street confidence.
On another matter, tech unfriendliness is a big driver in NYC commercial real estate, and the conversion of many older buildings into residential lofts.
Yeah, the press reports have consequences besides their intended one, of swinging the elections.
posted at 08:52 PM by Glenn Reynolds