Target down -23% in premarket – lookout below

View post on imgur.com dismal guidance from Target – which warned that inflation was crushing margins – confirmed what Walmart said yesterday, namely that the US consumer is running on fumes. An 11% plunge in the latest weekly mortgage applications …

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Wait, What?

by Chris Black Record highs producing….what again? 78% capacity utilization of the miniscule number of factories left compared to pre-globalization, cannot give you record production. In dollar terms, producing 1/4 of what you did ten years ago will bring in …

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On the Oil Price Thing

by Chris Black $147 per barrel got us $4.14 in 2007. That price only lasted a few weeks until the massive recession dropped oil all the way back to $27. $5 per gallon on $113 oil? Doesn’t really make any …

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