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A lot of bad news for months now with respect to auto sales in the US and all over the globe as well as record subprime auto loan defaults and … Read more
by WARREN MOSLER Job openings now in full retreat: The contraction continues: Highlights Unit vehicle sales, at a much lower-than-expected annual rate of 16.5 million, proved very soft in October … Read more
If you’re a Democrat who supports “Medicare for All,” pick your poison. You can ruin your political career and immolate your party by imposing a ruinous new sales tax, a … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Like a centrally directed disinformation campaign. Here’s what happened. And it was everywhere. Misleading headlines about retail sales, from which reporters then extrapolated silly conclusions about … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Just how important is China to GM, its Largest Market & Once Biggest Hope for Growth? General Motors is getting crushed in China, its largest market, … Read more
by FreeFlow On Sunday 29 September, a theme was going viral on social media that a Ukrainian-American arms merchant, Igor Pasternak, has held fundraising events for Rep. Adam Schiff … Read more
Jeep Dealer’s $50,000 Sticker Shock Captures Auto Sales Stress (Bloomberg) — Robert Loehr’s dealership is hanging in just fine, much like Fiat Chrysler Automobiles NV’s sales did last quarter. But … Read more
GLOBAL OVERVIEW Global auto sales fell by 3.6% y/y (nsa) in August marking the twelfth month of consecutive declines. Year-to-date [global] sales are down by 6.0% y/y (nsa), not far … Read more
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
When is a mortgage a debt vs. an investment?
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
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
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
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 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
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