Pantheon Macroeconomics - We have argued for some time that market disappointment over the recent sluggishness of consumption has been misplaced. In our view, investors have placed too little weight on the impact of the severe winter, and have been too hasty in looking for the impact of the drop in gasoline sales.

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13 May. 2015 Core Sales Should Continue to Recover, but Easter is a Wild Card

By Ian Shepherdson

We have argued for some time that market disappointment over the recent sluggishness of consumption has been misplaced. In our view, investors have placed too little weight on the impact of the severe winter, and have been too hasty in looking for the impact of the drop in gasoline sales.

Posted: 13th May 2015 in 'U.S. Documents'

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