Mike Stathis

Weak Retail Sales Don't Necessarily Follow Weak Job Growth

Even with Bernanake's disasterous rate policy, I do not see another rate cut coming anytime soon, except as a knee-jerk response to some crisis out there that could happen at any time.

For me, the key part of your commentary was the last paragraph and I completely agree. I have not been following retail sales lately, but I suspected an overall discounting of bad economic data based on other things I have seen. But you confirmed my suspicions. Sentiment is key right now. Good job.