Daily Archives: September 14, 2005

LOOKING FOR MR. DOOMSDAY

It wasn’t supposed to matter, thanks to Katrina. But today’s retail sales report for August may be relevant after all, despite the fact that the report is a snapshot of consumer habits for the weeks leading up to the hurricane’s attack on New Orleans and the surround region. Yes, it’s hard to ignore the 2.1% drop, the biggest monthly decline in retail sales in nearly four years. Or is it?

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