The latest bit of bright news is Friday’s report that retail sales rose 1 percent in January over December. The Wall Street Journal says economists attribute the blip – following six consecutive months of falling retail sales – “to discounting and easier automobile-financing terms in January. Sales of cars, electronics and clothes all were up. Year-over-year, January retail sales decreased 9.7%.”
For a dose of reality, the weekly roundup from Bob Costello, chief economist at the American Trucking Associations, has some bubble-busters:
— Max Heine
Miguel Vidal and his brothers may face up to 20 years in prison each, along ...