Economy tanking?

The economic number ain’t looking so good for retail sales. Wal-Mart and Target were down. Cramer tries to explain that things aren’t so bad. I’m not sure that he is correct on this one.

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From MSNBC.com:

Some of the nation’s largest retailers reported weak same-store sales in April, adding fuel to concerns that retail spending could face a longer-term slowdown if economic woes continue to weigh on consumers.

The weakness cut across a wide swath of retailers, with everyone from discounters like Target and Wal-Mart to department stores such as Macy’s and Kohl’s reporting disappointing results for the four-week period ended May 5. (more…)