Altruistica

"Altruistica": Seeking a return to full financial disclosure and regulatory oversight. A financial market analysis blog for "entertainment purposes" only by an experienced CFA seeking new hedge fund engagements for investment writing and analysis. The author has experience investing internationally, running a hedge fund, making angel investments, and helping launch five startup companies. Investors should do their own due diligence.

13 December 2006

Oh, Booyah! Retail "Gain" of 1% Due to New Sampling Method

Retail sales based on new sampling- unbelievable
http://www.census.gov/mrts/www/techdocumentation.html

"A new sample was introduced with the September 2006 Monthly Retail Trade Survey (MRTS). The new sample was designed to produce estimates based on the North American Industry Classification System (NAICS). This section describes the design, selection, and estimation procedures for the new sample. For descriptions of the prior samples see the Annual Revision of Monthly Retail and Food Services (formerly called the Annual Benchmark Report for Retail Trade), or prior benchmark reports."

As pondered by a PO'd Bear

"all a scam. this bubble will pop with a huge bang. i mean almost every retailer reported terrible sales for the nov month and here are retail sales good. bull crap its all a lie. was in wmt tonight it was a ghost town. i've ver seen it that slow ever much less a holiday night.."

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