“Weather,” it appears is the new ‘dog-ate-my-homework’ no matter how much facts get in the way.
Compare NOAA’s “Facts” about the actual temperatures…
The world’s heat record was broken for a second consecutive month. With the exception of Antarctica, new temperature highs were recorded on every continent.
The National Oceanic and Atmospheric Administration (NOAA) released June’s results Monday, revealing an average global temperature of 61.2 degrees for the period. The result is 1.30 degrees higher than the 20th century average of 59.9 degrees, making this June the warmest in more than 130 years.
The same trend was seen in May, which experienced a 1.33 degree increase from the the average 58.6 degrees.
To Business leaders excuses…
ICSC’s Michael Niemira says unseasonably cool weather hurt consumer interest in summer merchandise despite clearance prices; may shift demand to back-to-school shopping.
[Harley Davidson] believes second-quarter U.S. retail sales were adversely affected by prolonged poor weather across parts of the U.S..
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Or could missed sales expectations be a result of stagnant incomes and rising inflation?
via Zero Hedge http://ift.tt/1sNXL2N Tyler Durden