November Retail Sales Were Very Strong

The Census Bureau announced this morning that retail sales were up strongly in November. However, their numbers don’t account for inflation and don’t provide any context for previous years. So how did we really do?

Answer: pretty good. Accounting for inflation, November sales were up 4.1 percent over last year. That’s the best showing this century with the exception of 2010, the first expansion year after the Great Recession. And it’s considerably better than the past two years.

If this is being done out of current income, rather than running up the credit cards, it suggests that the economy is heating up. Considering my fear of a recession in the next year or so, I don’t consider this unalloyed good news, but for everyone else it is.

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LESS DREADING, MORE DOING

This is the rubber-meets-road moment: the early days in our first fundraising drive since we took a big swing and merged with CIR to bring fearless investigative reporting to the internet, radio, video, and everywhere else that people need an antidote to lies and propaganda.

Donations have started slow, and we hope that explaining, level-headedly, why your support really is everything for our reporting will make a difference. Learn more in “Less Dreading, More Doing,” or in this 2:28 video about our merger (that literally just won an award), and please pitch in if you can right now.

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