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Democrats reveal an identity crisis by pretending to be what they're not
Topic - Chris G. Christopher Jr.
Extremely cold and snowy weather inhibited America’s shoppers last month, causing a 0.4 percent drop in retail sales, and the Christmas selling season was poorer than previously reported, the Census Bureau reported on Thursday.
A rush of good news suggesting that economic growth is picking up speed sent the stock market soaring Tuesday.
The slumping housing market struck a sour note Tuesday, somewhat dampening optimism that the economy is getting a big sugar rush from the best Christmas selling season in three years.
“The holiday retail sales shopping season was the weakest since 2009,” with an overall gain of only 3.4 percent over the 2012 shopping season, Mr. Christopher said.
“January retail sales dipped into negative territory as temperatures dropped and snow came down,” said Chris G. Christopher Jr., director of consumer economics and IHS Global Insight.