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Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But then there’s the “average transaction price.” A new 2019 Ford Taurus, with a sticker price “starting at” $27,800, is a better car in myriad ways … Read more
by Michael Snyder Apple iPhone sales are never supposed to go down. For nearly two decades, Apple has been an unbeatable economic miracle, but now it appears that times have changed. … Read more
Wall St. For Main St., Released on 1/29/19 Jason talks about the new data from Caterpillar, Apple, ratio of “present situation” to “expectations” from the Conference Board confidence report and … Read more
by Michael Snyder It appears to be more likely than ever that the U.S. economy is heading for a recession. On Tuesday, the Dow Jones Industrial Average was down 301 … Read more
via CNBC: “The loss was due to a host of issues including the partial government shutdown, the impact of tariffs, instabilities in financial markets, the global slowdown, and the lack … Read more
The Evidence Pours In: Poverty Getting Much Worse in America Poverty—and the stress of being poor—is killing people every single day A White House report recently proclaimed that the “War on Poverty … Read more
Consumers plan big holiday spending despite drop in economic optimism from CNBC. via CNBC: The percentage of Americans viewing the economy as excellent or good dropped 8 points to 50 … Read more
Credit-card delinquencies, application rejections, and involuntary account closures are all on the upswing, according to a report from the Federal Reserve Bank of New York. The Fed says these developments … Read more
via CNBC: It’s only been five years since Americans hit a grand total of $3 trillion in consumer debt and yet, by the end of 2018, that figure is expected … Read more
by Tom McClellan Investors’ appetites for risk taking can be measured with the comparison of the Consumer Discretionary sector versus Consumer Staples. The big shift in their behavior recently shows … Read more
via studyfinds.org: LOS ANGELES — Love it or hate it, about half of all Americans are gearing up for Black Friday deals, and they’re planning on spending some serious cash, according to … Read more
by WARREN MOSLER Highlights Consumer credit growth slowed more than expected to just $10.9 billion in September, below Econoday’s consensus range and less than half of the upwardly revised $22.9 … Read more
via 13d: On a personal level, political and macroeconomic level, there are few questions with more significant implications for Americans. The following article was originally published in “What I Learned This … Read more
by Jesse Colombo ZeroHedge posted an interesting chart a few days ago showing how affluent Americans (those making over $50,000 a year) have not been more confident since the dot com bubble: While … Read more
by WARREN MOSLER More housing weakness: Highlights Growth in home prices, as it is for home sales, is almost at a standstill, at least on a monthly basis for Case-Shiller’s … Read more
