More Economic News

Whither the recession? That bastion of fair journalism, The New York Times, recently buried this little economic gem deep within its pages. Retail spending up in May? Couldn’t be. The old gray lady has been assuring us for months that we’re in the throes of a massive recession, and it’s all the fault of the current presidential administration. So how is it possible, then, that consumer spending actually increased in May? Oh, the government rebate checks. 

But hold on. The bulk of those weren’t scheduled to be mailed until late May and into June. I’m afraid in this instance, the Times‘ explanation just doesn’t hold water.

About National Oil & Lube News

National Oil & Lube News is the fast oil change industry's oldest and largest trade publication. Started in 1986 by Steve Hurt (a former fast lube owner) and David Arrington, NOLN has grown and evolved right alongside the fast lube industry. Here at NOLN, our aim is to help fast lube operators with every facet of their business, from operations to technical issues. Our monthly magazine and this regularly updated website contain everything from technical tips, recall announcements and service guides to articles on handling customer complaints, building your brand and making your business the best it can be. With tips and advice from experts both inside and outside the industry, you're sure to learn something that can help your fast lube business grow and prosper.
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