by Troy On a slow moving day for the U.S. stock market, today’s big news is that “Retail Sales crashed, just like in 2008/2009!!!”. Financial media jumped all over this – nothing sells like bad news. Go here to understand our …
by WARREN MOSLER Starting to look more like most of the rest of the world: US retail trade fell by 1.2 percent from a month earlier in December 2018, following a revised 0.1 percent growth in November and missing market …
by Michael Snyder All over America retailers are going bankrupt and closing stores. Of course this has been happening for years, but as you will see below the numbers have dramatically escalated during the early portion of 2019. Our landscape …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Consumer exuberance maxed out last summer and has since changed direction. The headlines today were all about retail sales that “fell most since 2009,” or as the WSJ put it, “at Fastest Pace since 2009,” or …
For More Information See: https://www.cnbc.com/2019/02/13/anoth… https://www.cnbc.com/2019/02/14/us-re… https://www.cnbc.com/2019/02/14/stock… https://www.marketwatch.com/story/fed… https://www.businessinsider.com/auto-… https://www.express.co.uk/news/world/… https://www.theguardian.com/business/… https://www.yahoo.com/entertainment/g…
https://twitter.com/OccupyWisdom/status/1096118006600683520 https://twitter.com/OccupyWisdom/status/1096114969417039873 Retail sales tumbling, as outlined in last fall's client warning of "Cooling Consumer Spending." See public comments from Jan: https://t.co/47RYgw4sg4 pic.twitter.com/iVjf88aSYo — Economic Cycle Research Institute (ECRI) (@businesscycle) February 14, 2019 the "greatest economy ever" just hit a …
Retail sales drop the most since September 2009 U.S. retail sales recorded their biggest drop in more than nine years in December as receipts fell across the board, suggesting a sharp slowdown in economic activity at the end of 2018. …
by WARREN MOSLER The ‘labor market’ is not a ‘fair game’ as people need to work to eat, and business only needs to hire if it likes the return prospects, so real wages should be expected to remain depressed without …
Via ZeroHedge Last year’s holiday sales season was one of the strongest in years. But unfortunately for America’s struggling retailers, many missed out on the sales bonanza as Amazon and other e-commerce platforms accrued nearly all of the sales growth while …
Better get ready and fast Macro-Trend Follower. ‏ @macrotrendf Germany retail sales TANKING worst reading since 2007 when the recession hit. @PaulSommerville Germany retail sales fell 4.3% in December. The worst in eleven years. Italy Officially Slides Into Recession. The …
But online sales are hot, now at 20% of total retail. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. It’s a confusing picture. A monthly survey of retailers published by the Confederation of British Industry (CBI) indicated that just 4% of …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Number five in two years. Here’s the list. “This decision is a difficult, but necessary one,” ShopKo said in its announcement of the Chapter 11 bankruptcy filing. It blamed “excess debt and ongoing competitive pressures” and “a challenging …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter This is on purpose. Macy’s is not alone. Other department stores and brick-and-mortar retailers are into this too, at least the ones that haven’t filed for bankruptcy yet. So we’ll take a look (11 minutes):
by WARREN MOSLER Agent Orange, the self proclaimed tariff man, taking the EU: US decelerating: I would have expected Chile to be affected most by global warming… It’s becoming more clear to me that lending shifted from banks to other …
by WARREN MOSLER Bad: Highlights Existing home sales have been leveling but the signal from pending home sales points to a new downturn. The pending home sales index for November fell 0.7 percent to 101.4 which is under Econoday’s consensus range …
After “the worst-on-record unbelievably bad” November, even e-commerce gets hit, not just brick & mortar, on fears Christmas sales could be terrible. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. With just one week left before Christmas, Europe’s fashion retail sector is …
From The Atlantic: What’s really going on with retail in New York City? According to some, the sky is falling. As one representative of the real-estate company Douglas Elliman told The New York Times, 20 percent of Manhattan’s retail space is vacant. A separate …
Fidelity launched a retail HSA account today. Previously, their HSAs were only available in employer-sponsored plans. There’s no monthly fee with a broad range of investment options (e.g. zero minimum index funds, zero ER funds, Treasury bills, CDs, commission-free iShares …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Lured by the siren song of a “buying opportunity” and a fat yield. GE shares plunged another 10% this morning to a low of $8.15 before recovering a little. They’re now a big step closer to …
by Daisy Luther By now, just about everyone has watched one or more local stores close their doors for good. Lowe’s, a hardware and home improvement store that has been around for 72 years, is closing around 50 of their …
by WARREN MOSLER Gone from bad to worse: Highlights The highest interest rates in over 7 years took their toll on mortgage activity in the October 12 week, with purchase applications for home mortgages falling a seasonally adjusted 6 percent …
by WARREN MOSLER A bit stronger than expected, but still trending lower, particularly adjusted for population: Highlights Unit sales of motor vehicle proved very strong in September, rising sharply to a 17.4 million annualized rate from 16.6 million in August. …
by howmuch Warren Buffett once said, “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.” The top 50 most valuable retail brands doing things better than …
by Michael Snyder Over 20 major retailers have filed for bankruptcy since the beginning of last year, and in 2018 we may break the all-time record for annual store closings that was established just last year. We are in the midst …
from Zero Hedge The summer spending spree is officially over. In August, the US consumer hit the breaks on spending as retail sales tumbled from 0.7% to just 0.1%, well below the 0.5% expected, driven by a decline in auto sales, …
via Zerohedge: Having revolutionized investing for both ordinary retail investors and institutions, and increasingly crowding out traditional asset managers, ETFs have set their sights on yet another market to disrupt and dominate: the trillion-dollar market in credit derivatives. Ten years …
For the past year, select Google advertisers have had access to a potent new tool to track whether the ads they ran online led to a sale at a physical store in the U.S. That insight came thanks in part …
by WARREN MOSLER June was revised lower, so best to hold back judgement on July until August is released. Note vehicles were revised quite a bit lower for June, with the initially reported .9 jump suspect in any case: Highlights …
by stockboardasset Closed storefronts are typical in American cities across shopping malls that once flourished in commercial zones of suburbia are now empty and abandoned. As the retail apocalypse deepens, more than 3,800 stores are expected to close across the country …
by WARREN MOSLER Mixed bag again, as auto sales contributions are volatile in a generally softening auto market. And the Fed estimates the tax cuts and spending increases will add about .4-.5% to GDP this year. Also, the spending numbers …