Do Restaurant Sales Lead The Economy?
via UPFINA: After the amazing growth in the control group in the June and July retail sales reports, we were wondering if the strength would continue in August especially since the … Read more
sales
Vancouver Real Estate Listings, Sales, and Prices. Steve Saretsky
When is a mortgage a debt vs. an investment?
Retail Sales Shock: BofA Card Data Shows Plunge In August Spending
via Zerohedge: With the August payrolls report widely seen as disappointing, with less than 100k private payrolls added (despite accelerate wage growth), the last data point the Fed is waiting … Read more
Home Depot cuts sales outlook as it warns on hit from tariffs
US home improvement retailer Home Depot cautioned that the US-China trade war meant its sales growth this year would be slower than previously expected, joining a growing list of American … Read more
Japan exports, RV sales, Tariff delays
by WARREN MOSLER Japan Exports Fall for 8th Month Exports from Japan dropped 1.6 percent from a year earlier to JPY 6.64 trillion in July 2019, the eighth straight month … Read more
Let’s update this. Semiconductor sales this quarter (YoY)
via Mark Johnston: $AMD -12.8% $WDC -27.5% $TXN -8.6% $MXIM -12.1% $LRCX -24.4% $NXPI -3.2% $INTC -2.7% $STM -4% $NVDA -17.5% $SWKS -14.2% $CY -14.7% $ON -7.4% $SIMO -28.4% $SMH $SOXX … Read more
China vows to take countermeasures over U.S. arms sales to Taiwan
China on Friday opposed U.S. arms sales to Taiwan and lodged solemn representations to the U.S. side. Foreign Ministry spokesperson Hua Chunying made the remarks when asked to comment on … Read more
Inventory/sales ratio, PMI’s, Housing starts, Consumer Sentiment
by WARREN MOSLER Still elevated: Not looking good: Starts down and rolling over, permits up for the month but still trending lower, as per the charts: Highlights A slow turn … Read more
Hiring Growth Diverges From Retail Sales Growth
via upfina: For much of this expansion, the Fed has wanted inflation to increase as it would signal economic growth was strong. We can debate whether the economy needs to generate … Read more
What Plunging Global Semiconductor Sales Just Said about Autos, IT & How the Economy Reacts to Uncertainties
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The deepest plunge since the Financial Crisis, but more persistent. Global chip sales plunged 16.8% in June from June last year, to $32.7 billion, on a … Read more
Europe’s Central Banks Ditch 20-Year-Old Gold Sales Agreement
FRANKFURT, July 26 (Reuters) – European central banks have ditched a 20-year-old agreement to coordinate their gold sales, saying they have no plan to sell large amounts of the metal, … Read more
Mtg purchase apps, New home sales, US and euro area PMI’s, Trump quote
by WARREN MOSLER Lower rates don’t seem to be helping: Highlights The purchase index continues to pull back in what is an unfavorable indication for underlying home sales. After falling 4.0 … Read more
Winter Is Coming … For Housing! New Home Sales Rise Only 7% MoM With Falling Mortgage Rates
by confoundedinterest17 The Census Bureau reports New Home Sales in June were at a seasonally adjusted annual rate (SAAR) of 646 thousand. That is up 7% over May NHS. That is the … Read more
Existing home sales, Richmond Fed, UK factory orders, Chemical Activity Barometer
by WARREN MOSLER Worse than expected and in contraction year over year: Highlights The housing market firmed in the early Spring but has since flattened out. Existing home sales came … Read more
Ultra-Low Mortgage Rates No Relief for Home Sales
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Surging prices are a demand killer, but real estate industry laments the medicine didn’t work. The relentlessness of falling home sales is starting to baffle the … Read more
WeWork Co-Founder Has Cashed Out at Least $700 Million Via Sales, Loans
Link here Investors in startups have generally frowned upon founders who cash out large chunks of shares ahead of a public-markets debut, because it raises questions about their confidence in … Read more