Story.
You go girl!
He's called an economist, but has no economic credentials. Bernstein took his college degrees in music and social work.
Neil Cavuto savages Bernstein here.
Separately, this short Q&A with Bernstein about printing money and lending it is just epic.
You're just shelling out more for the same stuff, not buying new stuff.
“Today’s retail sales report reflects a pullback in consumer spending that retailers have called out in recent earnings reports,” said Claire Tassin, retail and e-commerce analyst at Morning Consult.
Compared with last April, sales were up 3%, but the Census Bureau doesn’t adjust the data for inflation, which came in at 3.4% on an annual basis in April, according to the latest consumer price index report. That suggests that the sales gains from a year ago are “entirely attributable to inflation, not increased consumer demand,” Tassin said.
Barron's, reproduced here.
McDonald’s $5 value meal is coming in June — and staying for just a month:
Coca-Cola added marketing funds to the equation to make the deal more appealing, CNBC reported Friday. In a statement, Coca-Cola said: “We routinely partner with our customers on marketing programs to meet consumer needs. This helps us grow our businesses together.”
Traumatized tourist stabbed in Times Square will never return to city...
When I first visited New York City many years ago, we parked the car and as we got out a cab pulled up along side but behind us a little on an angle.
A man jumped out of the back seat, pulled out his pecker, and peed like a race horse on the street right in front of us like it was nothing. Then he jumped back in the cab and it took off again.
Never even got wet.