Fight disinformation. Get a daily recap of the facts that matter. Sign up for the free Mother Jones newsletter.


HO HO HO….December sales, as expected, were pretty miserable:

Retail sales tumbled by 2.7% last month from the previous month on a seasonally adjusted basis, the Commerce Department said Wednesday.

….The producer price index, due for release Thursday, is expected to show a 2% drop in prices. Consumer prices due out Friday are expected to have declined 0.8%.

Adjusted for inflation, then, sales were down only 1.9% I’d do better if I could, but that’s about the most positive spin I can come up with.

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate