by Dave Kranzler of Investment Research Dynamics I’m already fatigued and disgusted with Christmas promotions. They’re everywhere now, including every other ad on television. I’ve come to loathe the holiday season because of the extreme materialism and consumerism into which it has degenerated. …
by streetsofrageTWO Sounds crazy at first but think about it. The #1 goal with no longer reporting unit sales is so Apple investors no longer view Apple as a 100% hardware company. Apple wants to be know as a Software/Services …
Total retail sales in the U.S will hit $1.002 trillion during the Christmas holiday period, marking the “strongest growth since 2011,” according to eMarketer. In-store sales are forecast to rise 4.4 percent year-on-year, while e-commerce sales are predicted to grow …
by Michael Snyder What goes up must eventually come down. For years, the California housing market was on the cutting edge of “Housing Bubble 2” as we witnessed home prices in the state soar to absolutely absurd levels. In fact, …
by WARREN MOSLER Looks like without the build in private inventories GDP was about 2% lower at about 1.4%, and health care added .77% where health care premiums paid count as personal consumption. Also, the price index deflator was lower …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Hot air is hissing out of this market. Sales of new single-family houses in September plunged 18% from September a year ago, not-seasonally adjusted, to just 41,000 new single-family houses, according to estimates that the Census …
via Angry Bear Needless to say, this morning’s report on new home sales was another big miss in the housing sector. Not only were sales a new 12 month low, they were the lowest in nearly 2 years, and are …
$DB at an all-time low? I see some support at 0 pic.twitter.com/Z8mBVeEeI6 — . (@StockCats_2009) October 24, 2018 https://twitter.com/hks55/status/1055111260344410112 Miss on New Home Sales-Units — the trend does not look good! pic.twitter.com/m2SpPREMg7 — Alastair (@StockBoardAsset) October 24, 2018 https://twitter.com/OccupyWisdom/status/1055089971219062784 https://twitter.com/OccupyWisdom/status/1055093295779643392 …
Banks’ Golden Deposits Are Heading Out the Door Customers are starting to move their money out of deposits that pay no interest, posing a big risk to bank profits There’s less free money to go around for banks. After nearly …
In your opinion, are real estate prices too high compared to wages where you live? Or is the current level normal? The real estate situation in the U.S. is getting worse. Prices have stagnated in many areas and sellers are …
via Bloomberg: Renters finally have reason to rejoice: their housing costs dropped last month for the first time in six years. The median rent for apartments, single-family homes and other residences across the U.S. was $1,440 in September, down 0.2 …
Holy smokes, Nova Scotia. Cannabis sales top $660,000 on Day 1 HALIFAX—Nova Scotians who lined up outside the province’s only legal pot purveyor on the first day of legalization Wednesday purchased more than $660,000 worth of product. Nova Scotia Liquor Corporation spokesperson Beverley Ware …
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 …
via visualcapitalist: The record industry has seen a lot of change over the years. Vinyl gave way to 8-tracks, and cassettes faded away as compact discs took the world by storm, and through it all, the music industry saw its revenue …
Do you think that rising interest rates will play a SMALL or BIG role in prices? When you look at home sales, this must be broken down by country, region, and all the way down to the neighbourhood of a …
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. …
via CNBC: Total real estate sales in Manhattan fell 11 percent in the third quarter compared with a year ago, according to a new report. The average price of a Manhattan apartment fell 4 percent during the quarter, to $1.93 …
https://twitter.com/OccupyWisdom/status/1045771625709350912 Another recession is looming, writes Martin Feldstein https://www.wsj.com/articles/another-recession-is-looming-1538088367 via @WSJ It’s safe to say this is the most important read of the day. Assign it to yourself as weekend reading if you’re too preoccupied with Italy as so many …
September U.S. Auto Sales Expected To Collapse. Jeremy Acevedo, Edmunds’ manager of industry analysis, stated: “Vehicle replacement demand following Hurricane Harvey bolstered auto sales last September, and Hurricane Florence has had a very limited impact on auto sales this month, …
by Michael Snyder In late 2018, the bad economic news just keeps rolling in. At a time when consumer confidence is absolutely soaring, the underlying economic numbers are clearly telling us that enormous problems are right around the corner. Of …
by WARREN MOSLER Need more tariffs… Highlights Amid the unfolding of tariff effects, exports are moving in the wrong direction and look to be a big negative for third-quarter GDP. The nation’s trade deficit in goods was a whopping $75.8 …
by WARREN MOSLER Highlights Amid a backdrop of rising inflation pressures, sharp slowing in the services PMI sample pulled down September’s composite flash and masks a strong showing for manufacturing. The PMI composite fell to 53.4 which is well below Econoday’s consensus …
by stockboardasset Bank of America rings the real estate bell, says existing home sales have peaked, reflecting declining affordability, greater price reductions and deteriorating housing sentiment. The weekly report warned: the housing market is no longer a tailwind for the economy …
BAML has just called a peak in home sales! Citing declining affordability (makes sense given rising mortgage rates = headwind), housing market underperformance as economy grew (relative terms). @mtmalinen @LizAnnSonders @BValentineCFA @anilvohra69 @MI_Investments @SoberLook pic.twitter.com/gT8D3O5qXT — Taylor-Swift Yield Spread (@TayTayLLP) …
via confoundedinterest: The S&P 500 Index is on the verge of setting a new high for overvaluation. Its trailing 12-month price-to-sales ratio surged to 2.25 on Monday, the highest since the dot-com era. If you think it’s just the tech giants …
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, …
by WARREN MOSLER Flattened out at modest levels of growth with no sign that the tax cuts have led to an acceleration: Pending home sales fall for seventh straight month in July Signed contracts to buy existing homes fell 0.7 …
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 DCG Shocker, not. Pandering to the social justice warriors doesn’t guarantee they’ll boost your profits. From CNBC: Shares of Dick’s Sporting Goods plunged by more than 9 percent Wednesday morning after the retailer said it sold less merchandise during the second quarter than …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter This is not good. What’s causing the drop-off in pending home sales in the US, and in particular in the West? Surging home prices that have outrun wage increases for years? Mortgage rates that hover around …