Could Auto Sales Be The Canary In Coal Mine?
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.
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Debt securities and loans, Vehicle sales, Manufacturers orders
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 …
Sales Have Fallen For 26 Quarters In A Row And More Stores Are Closing – Is This The End Of The Line For Sears?
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 …
Existing home sales, Durable goods, China debt, State index
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 …
Chart: Why Industrial Robot Sales are Sky High
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 …
2nd Amendment Backlash: Dick’s Sporting Goods Sales Collapse!
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
Retail sales, Mtg apps, Housing starts, Industrial production, Wage growth tracker
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 …
Mapping the Hidden Burden of Local and State Sales Taxes
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 …
Chinese Smartphone Sales Collapse, “Suffers Biggest Decline Ever”
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 …
Auto Sales Forecast To Tank In April
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 …
Germany’s largest lender Deutsche Bank to significantly cut US jobs,cut US rate sales & trading, reduce business in US & Asia
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 …
Retail sales, Business inventories, Port traffic, Infrastructure
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 …
More Carmageddon at GM, Cuts Shift in Ohio, 1,500 Layoffs, as Cruze Sales Plunge. Production in Mexico Started in 2015
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 …
Manhattan Home Sales Plunge – Tax Reform Effects Or Something Else?
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 …
Gun Sales SOAR In March, Break Previous Record By A Quarter Million
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/…
The Correction Begins – The Copper Liquidation, NYC Real Estate Sales Plunge, Retail Apocalypse Picking Up Steam…
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 …
So What’s Going On with Auto Sales? Easter Fell Into March This Year, And March Lasted Till April 2.
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 …
Arms Sales Champion…USA!
We’re number one! (In arms sales). What does it mean that the US economy has become so dependent on sales of weapons overseas, primarily to the Middle East? How does this corporatist economic arrangement drive policy? What are the security …
Vehicle sales, Industrial Production revisions, Tariff comments
by WARREN MOSLER Still looking very weak: From WardsAuto: U.S. Light-Vehicle Forecast: Sales Down Slightly; Inventory Declines to Match Demand A Wards Intelligence forecast calls for U.S. automakers to deliver 1.60 million light vehicles in March. … The report puts the seasonally …
State, Local Taxes Set Records… Income, Sales, Property ALL Hit New Highs
Real state and local income, sales and property taxes all hit records in 2017, according to data released this week by the Census Bureau. State and local governments collected a record $404,509,000,000 in individual income taxes in 2017, according to the …
Current account, Existing home sales
by WARREN MOSLER Q4 worse than expected and prior quarter revised lower, which means downward GDP revisions: Highlights The current-account deficit increased to a roughly as-expected $128.2 billion in the fourth quarter vs the third quarter’s slightly revised $101.5 billion deficit …
This Is Why Retail Sales Have Been So Weak
via Eric Basmajian Retail sales declined month over month for three consecutive months. The last time there were three consecutive monthly declines in Retail Sales was in 2015. The consumer is stretched and it’s starting to show up in the data as …
Move along; nothing to see here. Retail sales have been flatter than a pancake the last three months. And this is in a STRONG jobs market?
https://twitter.com/Tony_Sagami/status/974146513134796801 https://twitter.com/OccupyWisdom/status/974409977040396288 https://twitter.com/OccupyWisdom/status/974443345295659009 The US Dollar continues to struggle for a footing as it can’t even reach previous trend lines anymore. The Atlanta FED shifts their call from 5.4 percent GDP to just 1.9 percent as the economic outlook weakens. …
Inventory to sales ratio, New economic adviser, Tax refunds
by WARREN MOSLER Still elevated: Didn’t take him long to sell out: Federal tax refunds have caught up which may have slowed spending in Feb:
Retail Sales, Fed Atlanta
by WARREN MOSLER Worse than expected and now down for the last three months, not adjusted for inflation. And all in line with the narrative about personal income going flat and the falling savings rate: Highlights The big tax cut isn’t …
Upward Momentum Stalls As Restaurant Sales Slide In February
via TDn2K’s People Report™ The restaurant industry’s same-store sales fell year-over-year for the second consecutive month during February. Although February’s -0.8 and January’s -0.3 percent sales growth is an improvement over the -1.1 percent same-store sales growth rate reported for 2017, …
Trade with China, Bank loans, Chain store sales
by WARREN MOSLER Killing the goose that’s laying the golden eggs: Trump says China has been asked for plan to cut trade imbalance with U.S. Mar 7 (Reuters) — U.S. President Donald Trump said on Wednesday that China has been asked …
Home Prices Sink, Sales Plunge in Toronto
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Homeowners who bought a year ago are down C$110,000 on average. Home sales in the Greater Toronto Area, Canada’s largest housing market, plunged 35% in February compared to a year ago, to 5,175 homes. The plunge …