by WARREN MOSLER Mixed bag again, as auto sales contributions are volatile in a generally softening auto market. And the Fed estimates the tax cuts and spending increases will add about .4-.5% to GDP this year. Also, the spending numbers …
by IlCaneEUnaMucca This is a trap a lot of people fall into (myself included): just because it’s a “good deal” doesn’t mean you “saved” money by buying it, it’s still money that you spent! This might be obvious to most people …
by Martin Armstrong How bad did it get in some segments of the population during the Great Depression? Actually, during the Great Depression, women began reusing the fabric from flour sacks to make dresses. When the flour companies woke up and …
How long do you think “temporarily” means in this case? Any thoughts on the long term impact of this decision? https://www.bloomberg.com/news/articles/2018-07-03/micron-chip-sales-banned-in-china-on-patent-case-rival-umc-says A Chinese court temporarily banned Micron Technology Inc. chip sales, cutting the U.S. company off from the world’s largest semiconductor market, …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Brick & Mortar Meltdown: Dog of the Dow on 3rd Day in the Dow. It was a melancholic but symptomatic day for the US economy when a once mighty industrial company that manufactures big complex things, …
by WARREN MOSLER Highlights Disruption tied to a fire at an auto supplier not only pulled down the previously released manufacturing component of the industrial production report but it also helped pull down durable goods orders in May which fell an as-expected 0.6 …
Ron Paul, Institute for Peace and Prosperity, Released on 6/25/18 Last week the United States Supreme Court, in the case of South Dakota v. Wayfair, ruled that the Constitution’s Commerce Clause allows state governments to force out-of-state businesses to collect state …
by Thinker Nearly 20 groups of Amazon shareholders are pressuring the tech company to stop selling facial recognition technology to law enforcement. In a letter delivered to CEO Jeff Bezos late Friday, the shareholders, many of whom are advocates of …
Do you think real estate prices will rise into 2019? This is a video I’ve been working on for a while. It was long (as usual) but I hope you appreciate it. Just look at where real estate has gone. …
from Zero Hedge Following a disappointing April for home sales data, and weakness in May’s building permits data, our fiorst glance at May sales suggests all is not well. Existing home sales slipped 0.4% MoM (and were revised lower in April), well below …
via bnnbloomberg: Americans’ long-running joke about a Starbucks on every corner may be nearing its end. The coffee behemoth is retrenching in its home market as it contends with sales growth that Chief Executive Officer Kevin Johnson acknowledges isn’t fast enough. …
by WARREN MOSLER A weaker than expected print due to auto sales which have been volatile, but charts show it’s still chugging along at a modest pace: Highlights A big drop in autos skewed industrial production lower in May, slipping 0.1 …
by WARREN MOSLER Just a reminder (from 2015) as to why claims are this low: This is not population adjusted: We haven’t yet to recover from the last recession, in my opinion due to an ongoing lack of demand: Highlights …
by stockboardasset J. Brett Freeze, CFA has provided us with critical information concerning auto sales. The overall scope of the data could point to a downward draft in auto sales.
by WARREN MOSLER Another indication of low aggregate demand this cycle: Continuing to weaken: Recovering from the dip but still has a ways to go: This component had previously leveled off at about today’s level: Actual shipments recovering but still …
by Michael Snyder When sales have declined for 26 quarters in a row, you have got to know that your days are numbered. Once upon a time, Sears was an unbeatable retail powerhouse. It survived two world wars and the Great …
by WARREN MOSLER More weakness: Highlights Yesterday’s new home sales report showed less strength than expected while today’s existing home sales results are outright disappointing. Sales fell 2.5 percent in April to an annualized rate of 5.460 million which falls below …
by visualcapitalist The Chart of the Week is a weekly Visual Capitalist feature on Fridays. Industrial robots have come a long way since George Devol invented “Unimate” in 1961. After pitching his idea to Joseph Engelberger at a cocktail party, the two soon …
That’s what happens when you forget who makes up your customer base and decide to virtue signal instead. https://youtu.be/rH48p1v_L6U Here’s a great lesson on what businesses ought NOT to do in an age of nationalist populism! AC
by WARREN MOSLER Pretty much as expected. These numbers are not adjusted for inflation, which is running around 2%: Highlights Consumer spending was weak in the first quarter and the first look at the second quarter is no better than …
by howmuch Tax policy experts usually think about sales tax in one of two ways. On the one hand, it is aregressive tax because it takes a greater percentage of income from poor and middle-class people than the wealthy. But on …
by stockboardasset Is the Smartphone Bubble About to Burst? Smartphone shipments in China experienced its most significant decline ever in Q1 2018, crashing more than 21 percent annually to 91 million units, according to the Singapore-based research firm Canalys. Since 2013, Chinese smartphone …
via Investment Research Dynamics JD Powers and LMC Automotive are projecting auto sales to drop 8% in April from a year-ago April: For much of the past two years, the discounts offered by automakers have remained at levels that industry …
Firm to reduce U.S. rates, plans to cut back global equities Marks retreat from years of trying to compete with Wall Street Deutsche Bank AG is abandoning its ambitions to be a top global securities firm as it embarks …
by WARREN MOSLER Propped up by autos, as the rest continues weak, and autos aren’t looking so good longer term either: Highlights In a slight reversal of expectations, retail sales proved stronger at the headline level, up 0.6 percent in …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Carmageddon but not Truckmageddon The GM plant in Lordstown, Ohio, which only builds the Chevy Cruze compact car, already went through layoffs in 2017 when it trimmed its three shifts to two shifts and cut 1,200 …
via Eric Basmajian Summary Manhattan home sales fell the most since 2009 as Bloomberg reports. Sales of condo’s and co-ops fell 25% in Q1 2018 compared to Q1 2017. It is unclear whether the drop is related to the tax plan or a broader …
https://www.youtube.com/watch?v=pGuMDKLsmL4 Emily Zanotti for the Daily Wire reports, Gun sales soared in March amid concerns that Democrats and their left-leaning allies were working to enact major gun restrictions at both the state and federal levels. Read More/Source/Credit/FairUse: https://www.dailywire.com/news/29055/…
Please hug someone next to you, the copper liquidation is absolutely horrifying. btw GSCI Industrial Metals (monthly) could be reversing near-term pic.twitter.com/vpfua5aaCj — Alastair (@StockBoardAsset) April 4, 2018 New York’s luxury real estate market is in correction Real estate sales …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter With US auto sales facing some stiff headwinds, timely data is no longer wanted, said GM Monday night, when it announced that it would no longer report new-vehicle unit sales in the US on a monthly …