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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
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 … Read more
Newly built home sales fall in California from CNBC. via CNBC: The government shutdown hasn’t completely stopped the flow of stunningly bad housing data. Sales of newly built homes fell … Read more
via Bloomberg: hat just happened? I last wrote one of these newsletters on Dec. 20, the day after the last Federal Reserve monetary meeting. (More on my disappearance later in this … Read more
by Irina Slav Tesla will stop offering the lowest-priced versions of its Models S and X, chief executive Elon Musk wrote in a tweet. “Starting on Monday, Tesla will no longer … Read more
So, all that hype about christmas sales was, well, HYPE?!!! Who could have guessed pic.twitter.com/WPJwFkazGN — mcm-ct.com (@mcm_ct) January 10, 2019 Retail is puking all over itself, again pic.twitter.com/VF337CS52R — … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter This is getting serious. Sales of new passenger vehicles, as measured by registrations, dropped 5.5% in December from a year earlier in the UK, the second … Read more
Authored by Steve Stretsky via VanCityCondoGuide.com, The correction in the Vancouver condo market is now fully underway after prices peaked at the beginning of 2018. This should really not come … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But average transaction prices rise to record highs. In terms of new-vehicle sales in the US, 2018 was the third relentless down-year in a row for … Read more
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 … Read more
by WARREN MOSLER Corporate Profit Crunch Looms as Stocks Slide (WSJ) In December, analysts cut their earnings forecasts for 2019 on more than half the companies in the S&P 500, … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “We did not foresee the magnitude of the economic deceleration.” Oh dude, starting the year out on the right foot. On Wednesday after the market closed, … Read more
by WARREN MOSLER Not good: California Home Sales Slowest For An October In Seven Years (Econintersect) California home sales fell year over year for the third consecutive month, hitting a … Read more
I didn’t see the usual “after Christmas sales” ads on tv, print, or on the internet. I thought it a sign. BC
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 … Read more
by sundance As CTH anticipated the first tabulated holiday sales report via Mastercard® shows the results of a very strong consumer confidence level. The first report highlights a very strong 5.1% increase in … Read more