Tuesday, January 31, 2017

Jazz Shaw: Economic Moron of the Highest Order

     Here's the title of a recent Jazz Shaw piece: "And Starbucks wonders why their sales are flat."

Any competent economic writer would have gone to any website that publishes financial information to verify that point.  For example, I recently went to Morningstar and found the following:

You'll notice that there are annual figures for the chain.  Notice that each column shows a higher number than the previous year.  Those are called "increases" and they directly contradict Mr. Shaw's claim.  

A moral writer would print a retraction -- or at least a clarification.  But remember who we're dealing with here.