"Economists are pessimists: they've predicted 8 of the last 3 depressions."
--Barry Asmus

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Tuesday, March 8, 2011


The final bit of economic data for the morning is the Redbook, a weekly measure of sales at chain stores, discounters, and department stores conducted by Johnson Redbook Service.  Although the methodology is different, it tracks similar sorts of information to the ICSC-Goldman report.  Also, much like the ICSC-Goldman report, it is not considered a major market mover and is not available directly from the source without a paid subscription.
Econoday is reporting that year-over-year sales have slipped from a 3.0% year-over-year increase the week ending 2/25 to a 2.0% year-over-year increase for the week ending 3/5.

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