U.S. Retail Sales Rise Less Than Forecast in August

There is more to this story than what you might read in this Bloomberg article.

Specifically, a number of states, including Florida, have pushed their back-to-school sales tax holidays into August this year, and a number of other states, Oklahoma comes to mind, have introduced ack-to-school sales tax holidays in August, and the retail was still sluggish.

The recession has started, and we are like the headless chicken, still running around.