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Loan Modification

: Mortgage Lender Implode-o-Meter

Gallup Consumer Spending Data Refutes Commerce Department January Retail Sales Announcement

By Implode-Explode Heavy Industries

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" As if anyone needed more reasons to doubt the data coming out of our government. Earlier today the Commerce Department reported that January retail sales data came at a nice and bubbly 0.5% sequential increase, and an even nicer and bubblier 4.7% YoY. This presumably beat expectations which were looking for a sequential beat of 0.3%. Yet here comes the much more reliable Gallup data to throw some salt in yet another economic data fabrication. "

Full post as published by Mortgage Lender Implode-o-Meter on February 12, 2010 (boomark / email).

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