The next time I plan to escape reality for an extended time, I won't go to the trouble of forwarding the phones to voicemail and swearing off the Internet and TV for a few days. I'll just take whatever the Associated Press's Martin Crutsinger must be consuming.
Crutsinger's 11:45 report this morning claims that "The better-than-expected retail sales report is the second strong signal on the economy in as many days." Strike 1: It was far from unanimously considered better than expected. Strike 2: It wasn't that strong regardless, considering that it was likely achieved on borrowed money. Strike 3: The report that he thinks was strong yesterday wasn't strong either. You're out, bud. Oh, and there's Strike 4 in reserve: Though he referred to consumers being "a little more confident," Crutsinger "somehow" ignored (and AP on the whole almost completely ignored) a devastating report showing consumer sentiment at a three-decade low released well before the time stamp of his report.