Thursday, March 12, 2009

BLOOMBERG.COM

March 12 (Bloomberg) -- "Sales at U.S. retailers in February fell less than forecast and January’s gain was almost double the previous estimate, indicating the biggest part of the economy may be starting to stabilize."

WATCHDOG: All this despite the crepe hanging by so called experts. Wild government spending (as opposed to targeted relief for credit markets and the unemployed) may prove to be a case where the so called "cure" does more damage than the sickness.