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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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
That’s what happens when you forget who makes up your customer base and decide to virtue signal instead. Here’s a great lesson on what businesses ought NOT to do in … Read more
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 … Read more
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 … Read more
by sandiegomagapede2 If you pay CA sales tax, thank an illegal. Illegal Immigrants cost the citizens of California $25 Billion dollars in taxes EVERY SINGLE YEAR fairus.org/issue/publications-resources/fiscal-burden-illegal-immigration-california-taxpayers The math comes … Read more
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, … Read more
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 … Read more
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 … Read more