, Columnist
This Recovery Is Special, Whatever Bond Yields Say
The importance of economic data can sometimes be exaggerated amid a near-constant flood of releases. That doesn’t apply in this case.
It’s the sale of the century in the U.S. retail market.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
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There’s a lot of suspicion of daily economic journalism, much of it justified. People like me have to find something to say about markets and the economy every day. There are moves in markets throughout the working week, and new data most days. When everything else is quiet, there is an inevitable tension to over-hype changes that don’t matter that much. This is a temptation that all economic journalists must try to resist.