Occasionally we get accused of only posting about bad news. I’m not sure that’s fair. The fact is there’s been plenty of bad news to comment on and some of it eye-popping enough to warrant a posts with a bit of additional analysis. That said, yesterday’s release on February retails sales was encouraging, so I thought I’d just point people towards it. After eight quarters in a row of falling retails sales, we seem to be stabilising. Maybe it’s time to have another round of “call the bottom of the recession” given that John the Optimist’s plucky call of a bottoming out last summer doesn’t seem to have worked out.