Spreading the truth. Empowering the people.
by WARREN MOSLER Looks like there was a drop in employment growth by firms with under 50 employees: ‘Last hire first fired’ has made this a leading indicator in prior … Read more
For the last year we’ve been reporting on the bizarre saga of Dick’s Sporting Goods’ transformation from a relatively functional purveyor of mainstream sporting goods to a groveling symbol of … Read more
by Michael Snyder When economic conditions initially begin to slow down, businesses continue to order goods like they normally would but those goods don’t sell as quickly as they previously … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter And how it compares to what happened during the Financial Crisis. The goods-based segment of the economy is heading for rough waters, and it is further … Read more
by Spencer P Morrison, NEE From Why Trump’s Tariffs Won’t Cost You a Penny: The big reason why so many Americans oppose tariffs is because they don’t understand them. They think tariffs … Read more
by WARREN MOSLER Gone negative year over year adjusted for inflation: This series looks to me like it’s flattened and adjusted for inflation remains well below 2008 highs, and … Read more
qz.com/1567934/amazon-sellers-panic-after-the-company-reportedly-canceled-orders/ Amazon is reportedly going cold turkey on thousands of vendors. The e-commerce behemoth has canceled orders with many wholesalers, pushing them instead to sell directly to consumers on its … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Orders for Class-8 trucks – made by Daimler (Freightliner, Western Star), Paccar (Peterbuilt, Kenworth), Navistar International, and Volvo Group (Mack Trucks, Volvo Trucks) – plunged 58% … Read more
Walmart, Target and Walgreens are among a group of retailers working with FedEx Corp. to test a robot for last-mile delivery of online orders. Called the FedEx SameDay Bot, the … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “In 30 years, I’ve never seen anything like this”: CEO of warehouse operator Pacific Mountain Logistics. Sales at merchant wholesalers (except manufacturers’ sales branches and offices) fell … Read more
by WARREN MOSLER Asia’s exports to China plunge as economy stumbles (WSJ) Japan’s exports to China in January sank 17.4% on the year to 958.1 billion yen ($8.65 billion), accelerating … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Something has to give. Starting to be a fascinating phenomenon: Rates charged by trucking companies and other transportation providers continue to surge on a year-over-year basis … Read more
by WARREN MOSLER Rail Week Ending 15 December 2018: Economically Intuitive Sectors Continue In Contraction Written by Steven Hansen Week 50 of 2018 shows same week total rail traffic (from … Read more
by Dr. Eowyn Actions have consequences, and Dick’s Sporting Goods is discovering what its gun-control virtue-signaling costs. But Dick’s billionaire chairman and CEO doesn’t give a hoot. Dick’s first modified … Read more
Dick’s Sporting Goods is warning investors that its decision to remove certain “assault-style” weapons from its Field & Stream stores cost it dearly and may limit its future gains. The … Read more
by WARREN MOSLER Last month revised lower and looking weak: Highlights A drop for primary metals, a sharp drop for machinery, and a reversal for defense aircraft all pulled down … Read more