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John Crudele: Retail sales numbers are fake but the harm is real

Section: Daily Dispatches

By John Crudele
New York Post
Monday, November 21, 2016

There's an old saying that no one should ever see how laws or sausages are made. I'll add to that: Nobody should know how the government comes up with its retail sales figures.

But I'm going to tell you anyway because the sales figures that were put out last week were so arbitrary, so random, so ridiculous -- yet so important.

Last week the Census Bureau announced that retail sales for October increased a very healthy 0.8 percent from the previous month and were up 4.3 percent compared with those of October 2015.

Wall Street was expecting a 0.6 percent increase for October.

But there was a lot less meat in that 0.8 percent than you might think. ...

... For the remainder of the report:


Sandspring Resources Commences 2016 Exploration Campaign

Company Announcement
August 17, 2016

Sandspring Resources Ltd. (TSX VENTURE:SSP, US OTC: SSPXF) is pleased to announce commencement of the 2016 exploration campaign at its Toroparu Gold Project in Guyana, South America.

In 2015 the company completed a 3,700-meter diamond drilling program on the promising Sona Hill Prospect, located 5 kilometers southeast of the main Toroparu deposit. Sona Hill is the easternmost gold anomaly in a cluster of 10 gold features located within a 20-by-7-kilometer hydrothermal alteration halo around Toroparu. Drilling at Sona Hill in 2012 and in 2015 intercepted high-grade mineralization in both saprolite and bedrock, and confirmed the continuity and grade potential of the Sona Hill mineralization.

For the remainder of the announcement and highlights of the 2015 drill program:

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