Black Friday’s Guesswork Gloom

How did we get these numbers, which almost by definition are wrong? It is a combination of a retail trade group that cares little for accurate economic data, a terrible survey methodology and a naive and lazy news media, which seems to believe its role is to mindlessly repeat whatever nonsense is peddled by the aforementioned trade group.

via Black Friday’s Guesswork Gloom – Bloomberg View.

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