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Steven Hansen
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Steven Hansen is an international business and industrial consultant specializing in turning around troubled business units; consults to governments to optimize process flows; and provides economic indicator analysis based on unadjusted data and process limitations.
My company:
Econintersect LLC
My blog:
Global Economic Intersect
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  • Dude! Some are blaming the poor retail sales on the bad weather on the east coast. We'll see whether the market has a gnarly week coming; housing data and many earnings reports should set the tone for awhile.
    13 Apr 2013, 06:57 PM Reply Like
  • Author’s reply » yes - i have read this but the weakness was caused by the weather also. one month is not a trend unless it fits within the existing trend. the trend is downward - and March fits into this trend. does bad weather help sales - hell no! but i ask you when was the last time you heard that the data was good because of good weather?

     

    all of these indices are noisy. census pasteurizes and homogenizes the data to the extent you do not understand whether you are coming or going. there are a lot of dynamics in play - but i suggest the number of paydays in the month may be the governing dynamic. there were 5 paydays in March. this tailwind should have pushed up retail sales.
    14 Apr 2013, 08:58 AM Reply Like
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