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June ‘s economic backdrop

From the emerging data, it would appear that my analysis of the economy’ s underlying strength, as published in this column, was spot on.

The First Quarter

•I remarked several times

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Lies, damned lies, and statistics

Today ‘s world thrives on instant gratification, tweets and sound bites. In-depth analysis rarely makes headlines, and by the time the in-depth analysis is available, the media have moved on to the next tweet sensation. And so, the business community was left with only a superficial reading of April’ s retail sales numbers, possibly resulting in erroneous conclusions about the economy ‘s direction. Here are some of the instant headlines from the May 13 release of April’ s retail sales data:

Retail Sales

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