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Consumer Confidence Hits Fresh 14-Year High… U.S. consumers’ confidence hit a fresh 14-year high this month, as lower-income households reported feeling more optimistic about the economy. The University of Michigan … Read more
#LEVERAGE LOOP (Concept adopted from work of Matt Mish of UBS) @StockBoardAsset For a US economy that has a razor-thin cushion of saving, dependence on rising asset prices has never … Read more
by WARREN MOSLER Highlights Today’s factory orders report, down 1.4 percent at the headline level but showing life underneath, closes the book on what was a mixed to soft month of … Read more
by WARREN MOSLER More signs of a slowdown as exports fall, which means less gdp, and consumer imports down, meaning personal spending was lower than expected, as discussed might be the … Read more
The ruling class made things cheaper that would pacify the increasingly impoverished US middle class, while gouging the price of everything important. As you can clearly see from this graph … Read more
Consumer prices rose much more than expected, while retail sales fell when they were expected to rise. Consumers are buying less, but paying more. It's stagflation all the way. This … Read more
by WARREN MOSLER It’s been decelerating all year with a year end move up that’s likely to be reversed as personal income growth continues to be very low: Highlights Consumer borrowing … Read more
The CDC has a marketing “recipe” for the flu shot. It involves creating a perception in the media to increase consumer demand. it’s the real deal www.nationalacademies.org/hmd/%7E/media/Files/Activity%20Files/PublicHealth/MicrobialThreats/Nowak.pdf And anyone who … Read more
People still don't get it. The only reason the economy "recovered" is that a rising dollar kept interest rates low and consumer prices in check, allowing America to go deeper … Read more
by Shaun Richards If we take a look at the US economy then we see on the surface something which looks as it is going well. For example the state … Read more
by WARREN MOSLER Things are starting to add up better with this jump in consumer borrowing. With real disposable personal income growth near 0, and spending growing at just over 2.5% … Read more
by SpontaneousDisorder Interesting to compare the current cycle to before the financial crisis. Consumers have been going crazy by this measure. The recent increase mirrors the excitement we’re seeing in … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Under pressure from the banks, the government may take down the site. There is no telling if the Consumer Financial Protection Bureau (CFPB) will even survive the … Read more
Signs point to strong shopping season… New York (AFP) – Americans shopped with greater gusto at malls and online this holiday season amid a strong labor market and cold winter … Read more
by Daisy Luther, The Organic Prepper The last time American consumer debt was this high was.. well…NEVER. But now, it seems we are engaged in a high stakes game of … Read more
Former chief economist of the Bank for International Settlements, William White, told Bloomberg TV recently that “the system is dangerously unanchored.” This is not the first time White has issued … Read more