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by WARREN MOSLER Not adjusted for inflation: Adjusted for inflation: Still looking down: Remember when last month’s spike higher was presumed to be the start of a turn around? . … Read more
By Julianne Geiger Tesla is well on its way to having a record sales quarter, and is currently delivering a thousand cars per day on average this month, Electrek reported on Friday, … Read more
via confoundedinterest: Welcome to the Land of … Jumbos and All-cash! Aka, Orange County, home of surfing legend (and Realtor) Bob “The Greek” Bolen. But Orange County has just experienced their slowest … Read more
by WARREN MOSLER Employment can be a lagging indicator, so this forecast of Friday’s employment number could be verifying the rest of the weakness that’s been reported: US Private Sector … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter A slew of reasons, the China debacle on top. Global semiconductor sales dropped 14.6% in April from April last year, to $32.1 billion, on a three-month … Read more
by Chris Powell of the Gold Anti-Trust Action Committee (GATA) On May 16 Kansas Gov. Laura Kelly signed into law House Bill 2140, which provides a sales-tax exemption on sales of gold and silver … Read more
A sizable drop in mortgage interest rates didn’t do much to help home sales in April, as high prices and tight supply at the low end of the market continued … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Where are the foreign investors in this phenomenon? Declining home sales in the US is a phenomenon that baffles the industry, given that mortgage rates have … Read more
China deliveries in its fiscal year: -34%. And not getting better: in April, -45%. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Britain’s largest automaker, Jaguar Land Rover (JLR), owned by … Read more
via hotair: Back when Philadelphia decided to join the ranks of liberal cities fleecing its inhabitants with a soda tax to “improve their health,” we predicted here that it was going … Read more
by Mac Slavo of SHTFplan The Federal Reserve announced Wednesday in a downbeat report that the United States’ industrial production slumped in April. The Fed’s report also included sharp downward revisions for other important … Read more
via cnbc: * Earnings per share: $1.13, adjusted, vs. $1.02 expected * Revenue: $123.93 billion vs. $125.03 billion expected * U.S. same-store sales: growth of 3.4% vs. increase of 3.3% … Read more
by WARREN MOSLER Weak and weaker than expected: Highlights The second quarter gets off to a stumbling start pulled down by a 0.2 percent headline decline in an April retail sales … Read more
via zerohedge: No country has better exemplified the global automobile recession than China. Sales for the world’s largest auto market continue to deteriorate, with the latest report confirming that passenger vehicle … Read more
by Dave Kranzler of Investment Research Dynamics The National Association of Realtors (NAR – existing home sales reports) and the Census Bureau (new home sales reports) report monthly sales on a “seasonally adjusted … Read more
by WARREN MOSLER Headline number looks promising. The question is whether employment will lag the other indicators that are decelerating, or provide the support that turns them around. And note … Read more