Spreading the truth. Empowering the people.
by David Morgan from The Morgan Report U.S. Consumers Are Tapped Out – www.themorganreport.com. Look around you… U.S. Consumers Are Tapped Out. Watch our weekly perspective to see why U.S. Consumers Are Tapped Out. … Read more
Market Keeps Rallying on Regurgitated News – The Dow Jones started off the final day of the week with a pretty strong rally; we were up a little better than … Read more
Reason TV, Released on 2/26/19 The U.S. sugar program is “Stalin-style price controls,” Ross Marchand of the Taxpayers Protection Alliance tells John Stossel.
by confoundedinterest It seem s that banks willingness to lend to consumers hass fallen. Perhaps it should be an index of “Willing.” Bank willingness to lend to consumers, a prime driver of … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Welcome to the Big Club of Saturation & Decline. For the month of December, light new-vehicle sales in China plunged 13%, compared to a year ago, … Read more
Three big factors behind Apple’s big sales slump and dire warning about China from CNBC. via CNBC: Apple’s latest iPhone models are seeing huge discounts from retailers in China. The … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Consumer debt – or euphemistically, consumer “credit” – jumped 4.9% in the third quarter compared to the third quarter last year, or by $182 billion, to … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter We knew “free money would inevitably end. Affordability would become an issue – particularly around new vehicles.” It has been a tad rough in the stock … Read more
J. Paul Getty said it best, “If you owe the bank $100 that’s your problem. If you owe the bank $100 million, that’s the banks problem.” But when that debt … Read more
via CHRISTOPHER MATTHEWS Larry Kudlow is right: with an economy this good, there’s no chance investors will be distracted by the political drama in Washington—even if that drama includes the conviction of … Read more
So much for that "booming" economy. Warning signs everywhere. Try checking the consumers' health, specifically credit card debt and auto loans. t.co/6eOmtJSrSD — David Brady, CFA (@GlobalProTrader) August 22, 2018 … Read more
via Myles Udland In July, core inflation in the U.S. notched its biggest annual increase since September 2008. In August, consumers noticed. According to the University of Michigan’s first look at … Read more
US Consumers tap out Real GDP growth accelerated 1.9 percentage points between Q2 and Q1 (4.1% growth versus 2.2% growth). Most of that acceleration was due to consumption and exports. … Read more
by Michael Snyder Americans are on an absolutely spectacular debt binge. Does this mean that the economy is getting better, or does this mean that U.S. consumers are totally tapped … Read more
Economist John Williams sees a declining economy and says, “This is what I see happening. As the economy turns down, that’s a negative for the dollar. Most importantly here, if … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Dallas-Fort Worth, not San Francisco, is in second red-hottest place. Consumers in Los Angeles are simply not buying the notion that inflation, however benevolently measured by … Read more